BIR Fund
The MMC Ventures BIR Fund is designed for UK resident non-domiciled individuals who wish to bring offshore funds into the UK in a tax-efficient way to invest in EIS qualifying companies. This enables eligible investors to keep profits and gains onshore once those investments have been realised.
In addition, our BIR investors also benefit from the same tax advantages as our other EIS Funds.
Key EIS tax benefits
- TAX RELIEF ON 30% OF AMOUNT INVESTED
- CAPITAL GAINS TAX DEFERRAL
- TAX-FREE CAPITAL GAINS
- LOSS RELIEF
- INHERITANCE TAX RELIEF
BIR Fund structure highlights
| Investment minimum | £100,000 |
| No close date | Subscriptions accepted year-round |
| Deployment | Investors are typically fully invested in 12-18 months |
| EIS relief | EIS3 certificates are obtained on a deal-by-deal basis |
| Exit horizon | Exits will occur on a company-by-company basis and are expected from year 4 |
| Target return | 2-3x |