myguideTravel Ltd are seeking to raise €1.4 million through the issue of  A Ordinary Shares at par.  The shares of the BES Shareholders in the Company will be held through a nominee company for the individual investors as beneficial owners. Upon subscription to the B.E.S., Investors will be issued with a declaration that their shares are held in trust for a period of five years and three months. myguideTravel has a proud record and reputation for its performance under the BES in prior years.

Investments in qualifying companies or approved funds under the Business Expansion Scheme, from a minimum of €254 up to a maximum of €31,750, are tax deductible. The upper limit rises to € 150,000 from 1st January 2007.

The relief is available to both you and your spouse, providing you both have sufficient income in your own right to cover the investment. If the amount invested exceeds €150,000, or full relief cannot be obtained because of insufficiency of income, further relief can be obtained in later years.

Tax relief is currently available to individuals only, as follows:-

Deduction of up to a maximum of €150,000 can be claimed against income for tax purposes by the individual in any one tax year. Relief is available at the higher income tax rate and any unutilised investment can be carried forward for relief against future income. Relief will be clawed back if you sell your shares within five years The full cost of the shares is allowable for capital gains tax purposes, when you sell your shares after five years. 

For further information contact:

HLB Nathans, Nathan House, Lavitts Quay, Cork

Phone +353 21 427 5176

Or contact myguideTravel