I understand that relief will be available for investments made under this scheme at the rate of 50%. What is the situation if an investment of say £40,000 is made but the taxpayer only has a tax liability for the year of say £8,000. Will he receive a tax refund of the difference between £20,000 and £8,000 or is the claim restricted to £8,000.
5th Dec 2011
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business angel seed investment scheme
business angel seed investment scheme