ProVen Legacy plc

The primary objectives of ProVen Legacy plc are to preserve capital and enable investors (shareholders) to mitigate inheritance tax.

The small and medium sized enterprise (“SME”) sector is a vital part of the UK economy, accounting for over half of private sector employment and turnover. Many of these companies have the potential to grow very quickly, given access to sufficient finance and support for their management teams. However, SMEs often find it difficult to raise the capital they need.

The principal strategy of ProVen Legacy plc is to identify opportunities to make loans to a variety of small and medium sized UK private companies. The common feature of such loans will be that each loan will be backed by assets used in the business, or the business will have predictable revenue streams.

This strategy is designed with the intention of enabling subscription for shares in the Company to meet the conditions for Business Property Relief (BPR), a tax relief provided by the UK Government as an incentive for investing in trading businesses. Investors will benefit from up to 100% relief from Inheritance Tax on the value of the shares, provided that they are held for at least two years and at the time of death.

This strategy is designed with the intention of enabling subscription for shares in the Company to meet the conditions for Business Property Relief (BPR), a tax relief provided by the UK Government as an incentive for investing in trading businesses. Investors will benefit from up to 100% relief from Inheritance Tax on the value of the shares, provided that they are held for at least two years and at the time of death.

PROSPECTUS DOWNLOAD

CASE STUDIES

CONTACT US