Party Pieces
Not all friendships last forever...
I'm a paragraph. Click here to add your own text and edit me. It’s easy. Just click “Edit Text” or double click me and you can start adding your own content and make changes to the font. Feel free to drag and drop me anywhere you like on your page. I’m a great place for you to tell a story and let your users know a little more about you.
This is a great space to write long text about your company and your services. You can use this space to go into a little more detail about your company. Talk about your team and what services you provide. Tell your visitors the story of how you came up with the idea for your business and what makes you different from your competitors. Make your company stand out and show your visitors who you are.
At Wix we’re passionate about making templates that allow you to build fabulous websites and it’s all thanks to the support and feedback from users like you! Keep up to date with New Releases and what’s Coming Soon in Wixellaneous in Support. Feel free to tell us what you think and give us feedback in the Wix Forum. If you’d like to benefit from a professional designer’s touch, head to the Wix Arena and connect with one of our Wix Pro designers. Or if you need more help you can simply type your questions into the Support Forum and get instant answers. To keep up to date with everything Wix, including tips and things we think are cool, just head to the Wix Blog!
I'm a title. Click here to edit me
About SEIS
The UK Government introduced the SEIS in 2012 to stimulate investment in small and start-up British companies by offering substantial tax incentives to investors. Companies can seek investment of up to £150,000 from multiple investors, while individual investors can invest up to £100,000 per year across a range of SEIS-qualifying companies.
GlobalWatch offers HMRC-approved SEIS investments in its feature film projects like PARTY PIECES for the first £150,000 of investment (subject to a maximum shareholding per investor of 30% per SPV).
Provided they qualify, investors will be able to claim Income Tax relief equaling up to 50% of their investment, and receive any profits from their investment tax-free.
In addition all investments made before 5 April 2014 can be treated as having been made in the 2012-13 tax year, allowing investors to write-off up to 100% of any Capital Gains Tax due that tax year, provided the gains are reinvested in SEIS companies like GlobalWatch.
The SPV for PARTY PIECES will be maintained to ensure SEIS (and if required EIS) compliance and eligibility for investors.
The SEIS reliefs in summary
• Income Tax relief: a rebate of 50% of the amount invested in shares against Income Tax liabilities of up to £50,000
• Capital Gains Tax Exemption relief: on disposal of shares in the Company if held for at least three years
• Capital Gains Tax Reinvestment relief: 100% relief on all gains made from disposal made in the tax year 2012-13 or 50% of those made in 2013-14 which are then re-invested in SEIS companies
• Inheritance Tax relief: if the shares have been held for at least two years in most cases
• Loss relief: should the investment fail to recover the amount invested or where an investor sells their shares at a loss, the loss (after deducting SEIS Income Tax relief – see above) may be set against an investor’s chargeable gains or taxable income in that year or the previous year