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Community Share Scheme Tax Benefits Announced

Today FC United were informed by the HMRC that the FCUM Community Share Scheme has received "advance assurance" that it qualifies for the Enterprise Investment Scheme.

This means that those who buy £500+ worth of shares in the scheme can claim 20% of this against their tax liability. So if you put in £1000 you could receive £200 back against your tax. We must stress that this is subject to personal circumstances and so cannot guarantee that you will receive this, but it is a huge boost to the community share scheme. To find out more about EIS, please go to: http://www.hmrc.gov.uk/eis/

It means that there is a significant financial benefit to investing in the scheme - equivalent to about 6.5% per year for 3 years. And that is in addition to the social returns that the Ten Acres Lane development will bring and helping secure FC United’s future.

To apply for shares under the scheme, go to: www.fc-utd.co.uk/communityshares

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First Posted ~ 19:18 Tue 9 Nov 2010
News ID ~ 3204
Last Updated ~ 19:18 Tue 9 Nov 2010