Publication:

The Davy EII Tax Relief Fund 2016

01 September 2016

What is the Employment and Investment Incentive Scheme? 

The Employment and Investment Incentive Scheme (“EII Scheme”) is a tax relief incentive scheme, (previously the Business Expansion Scheme (“BES”)) which provides all-income tax relief to Qualifying Investors for investments in certain qualifying small and medium sized trading companies (“SMEs”)*.

The Finance Act 2015 introduced changes to the EII Scheme to ensure it complies with the European Union’s General Block Exemption Regulation on State Aid (GBER). Details of the new requirements which Qualifying Companies must comply with are detailed herein under Qualifying Company on page 21 of the attached PDF.

The EII Scheme offers one of the few remaining income tax reliefs and is one of the few sources of total income tax relief (which includes, for example, rental income).

The Davy EII Tax Relief Fund 2016

The Davy EII Tax Relief Fund 2016 will be managed by BES Management Limited which is a joint venture between BDO and Davy and is Ireland’s longest running BES/EII Scheme Manager.

Key characteristics of BES Management Limited:

  • Managed by BDO and Davy;
  • Successfully raised five EII Scheme Funds over the past five years;
  • Previously raised 19 BES Funds over the past 21 years;
  • Raised over €154 million which is invested in over 154 Irish companies; and
  • Funds are managed by a professional and experienced management team.

To find out more, please download the 2016 Prospectus or contact BES Management at besinfo@bes.ie or on (01) 470 0455.