INVESTMENT OPPORTUNITY IN BEAUTY BUDDY
The Beauty Buddy has been approved for the EIS scheme in the UK. It allows an individual to invest up to £1 million per tax year and to receive a 30% tax break in return. The investor will also pay no capital gains tax on any profit arising from the sale of the shares after three years.
With both SEIS and EIS, there is no inheritance tax to pay on shares held for at least two years. Finally, if shares are eventually sold at a loss, the investor may offset the loss against their capital gains tax.