The Share Republic

Tax relief extended for investors in SEIS companies such as The Share Republic

vola — Mon, 14 Jan 2013 20:49:20 +0000

Wealthy investors are being offered more incentives to put money into start-up ventures as part of the government’s push to promote Silicon Valley-style “angel investment”. A waiver on capital gains tax (CGT) for investors in early stage enterprises is being extended for another year, a senior official at HM Revenue & Customs said. The move should increase the number of people benefiting from George Osborne’s seed enterprise investment scheme (SEIS) – a package of measures to aid angel investment – announced in last year’s Budget. By Jonathan Moules, FT Enterprise Correspondent Full story.

The Share Republic is open for subscription for £150,000 in return for 10% of equity under SEIS scheme. This implies that the investor will get 50% income tax relief on his/her investment. In addition, if the investor sells share during the tax year, it can also claim capital gains tax relief on the amount invested in the Share Republic under the SEIS scheme. To illustrate in figures, if you are a 50% tax payer and have made profit by selling shares this tax year, if you invest £100 in the share republic, you can claim £78 back on your tax return. It effectively means that you get £100 worth of shares at £22. For an SEIS calculator, click here.

Up to 78% tax relief on investment into start up companies such as The Share Republic

vola — Wed, 14 Nov 2012 20:38:38 +0000

In November 2011, George Osborne hatched a plan to give investors up to 78 per cent tax relief on investments into small start-up companies. He called it the Seed Enterprise Investment Scheme (Seis).

SEIS, which kicked off in April 2012, offers upfront income tax relief of 50 per cent, and an exemption from capital gains tax if the investment comes from gains realised in that tax year. On top of this, if the company fails, losses can be offset against an income tax liability.

According to Doug Richard, top-rate taxpayers who combine all of these reliefs can end up with 100.5 per cent of their initial investment protected. “I had HMRC check the numbers,” he adds. Read full article by Duncan Robinson FT Financial Services 12 September 2012.

The Share Republic is an SEIS company and is currently open for subscription. The SEIS is limited to a total of £150,000 and is allocated on a first come first served basis. Click here to find out more.

The Share Republic gains its SEIS authorisation

vola — Sun, 14 Oct 2012 17:47:25 +0000

The Share Republic received its Seed Enterprise Investment Scheme Advance Assurance from the UK HMRC on 10 September 2012. This implies that The Share Republic is authorised to issue share certificates under section 257EC(1) ITA 2007 for ordinary shares issued to individual investors. The Share Republic became a plc and issued an offer for subscription for £150,000 under SEIS in November 2012. This offer for subscription is still open. We believe The Share Repubilc business in online share trading software development is an excellent SEIS opportunity, because of the significant team experience in agile software development combined its CEO, Geoffrey Hoodless’ years of experience in online share dealing platforms. The company owns 100% of The Share Republic.com Limited, which is an FSA authorised firm, which implies extensive compliance experience in the team.

The Share Republic Business Plan and Offer for Subscription

Geoffrey Hoodless judges University graduates business plans

vola — Sun, 08 Apr 2012 10:37:31 +0000

Geoffrey Hoodless at the business plans competition, University of Greenwich, June 2012.

The Share Republic CEO, Geoffrey Hoodless, was one of the judges at the 2012 Greenwich University annual Students Business Plans Competition with 140 participants . The winner was Harry Furneaux, for Active Snaps, an innovative instant 3D photo service for tourist attractions. Runner up Ibrahim Ali has since been in touch with The Share Republic to take his plans to develop Imkei - a mobile phone payment system – forward. Geoff said: ” I was impressed with the high quality business plans I reviewed and the presentations by the finalists. Universities are fertile grounds for entrepreneurs and I really enjoyed helping the University of Greenwich on this initiative.”

Geoffrey Hoodless presents at the University of Greenwich, London

pedro — Wed, 07 Mar 2012 09:00:29 +0000

As part of the University of Greenwich Big Picture Seminars, Geoffrey Hoodless gave a talk about his 30 years’ experience in the City as an employee, analyst, fund manager, insurer, and entrepreneur.

Geoffrey Hoodless, CEO, The Share Republic.com Limited said: “Entrepreneurship is about creating as well as funding a company. I was delighted to have been given the opportunity to talk about both sides to students. They represent the future both as potential company creators as well as investors. It is critical to equip them with as much tools, knowledge and inspiration as possible, so they can participate and contribute fully to society. We can call it financial education, but for us it just makes plain business sense.”

Alex McGrath, BA (Hons) Accounting & Finance, University of Greenwich wrote: “I am very keen on the investment industry, primarily within the markets. I’m just writing to you firstly to say thank you for a very insightful talk, and also because I am curious as to what you were going to talk about if we had enough time at the end – about choosing which companies to invest in? I’d love to hear your tips or views on what you have experienced. I have been signed up to the ShareRepublic.com for almost a month now and am enjoying it immensely. It’s a really easy platform to use and nicely laid out – I may enjoy it more if I make some money!”

The Share Republic sponsors the “Best Student Business Plan” prize at the University of Greenwich

pedro — Thu, 14 Jul 2011 08:00:56 +0000

The Share Republic.com is a proud sponsor of the “Best Student Business Plan” at the Business School University of Greenwich, London. The sponsorship award was collected by Geoffrey Hoodless, The Share Republic.com CEO, who will be involved with the mentoring as well as judging the work of Undergraduate and Postgraduate participants next spring.

The People’s Hoodless – Robert Tyerman from the Growth Company Investor writes:

pedro — Wed, 06 Jul 2011 08:00:18 +0000

“Geoffrey Hoodless, founder of entrepreneurial small company broking group HB Markets, hopes to provide ‘enterprising individuals and companies’ with easier access to stock markets through his new online share dealing platform, thesharerepublic.com. Under the slogan ‘shares for the people’, Hoodless, no stranger to controversy over the years, has already launched a ‘banana share portfolio’, which is ‘fictional but based on real prices’, which should ‘go real’ when thesharerepublic.com is awarded regulatory approval to trade.”

The Share Republic launches its educational website, Bananas Portfolio

pedro — Tue, 21 Jun 2011 08:00:27 +0000

The Share Republic.com launches its share trading education tool, Bananas Portfolio. It is a virtual share trading platform designed to emulate real trading scenarios, where users can learn how to invest in real companies quoted on the stock markets without risking a single penny. Too bad if they make a handsome profit though, that has no real monetary value either.

Users log in online and create their unique password. They deposit virtual money using the debit card deposit screen, and then they are ready to buy and subsequently sell shares. Users can then monitor their newly created portfolio(s) every day, and have two pie charts of their investments grouped by cash value and industry sectors. Contract notes and transaction history are all available, as if for real.

Company share prices are real London Stock Exchange market prices with 15 minutes delay. This is a unique educational tool which allows so many features for the users free of charge.

View a five minute demo on YouTube or test it yourself. It only takes a few minutes to open an account.

Geoffrey Hoodless collected Investors Chronicle Awards as CEO of Hoodless Brennan plc which was voted Stockbroker of the Year, including Best Online stockbroker

pedro — Thu, 27 Nov 2008 09:00:19 +0000

Rob Virtue from The Wharf reports in “Honour: Docklands firm wins six prizes at top financial awards”

“Geoffrey Hoodless says his company offers one of the cheapest execution-only online trading services”.He added that ” there is a growing number of independent investors who like to have a DIY approach to their finances. Our clients are like individual entrepreneurs who balance risks and rewards themselves…We provide user friendly tools and services to our clients to manage their investment endeavours in a cost-efficient way, and we continue to invest in this area.”

Note to the readers: Geoffrey Hoodless left Hoodless Brennan plc when its online share dealing business was sold to TD Waterhouse for £3.3m. Geoff created The Share Republic.com Limited in May 2009 and took his personal convictions forward.