Page 6 - Kavka Proposal Web

Part One
Summary

1. Investment Opportunity • Ability to offset any capital losses realised on the
disposal of the investment against other income or
Okowita Vodka Limited (the Company) will provide capital gains reducing capital at risk to 38.5p per £1
investors with an opportunity to invest in a Super-Premium subscribed for a 45% tax payer
brand of hand-made artisanal vodka, distinctive in its use
of heritage Polish blending and distillation processes. • Tax Free Growth – no capital gains tax payable on
disposal after a three year qualifying period
The Company is seeking to raise an investment of £500k in
order to produce and sell a distinctive range of world class • 100% relief from inheritance tax for investments held
vodkas, which will differentiate themselves from other for more than two years.
vodka brands by its uniqueness and authenticity. 3. Key Features of the Company
Advance assurance has been received from HMRC • The initial focus of the Company is to further develop
confirming that investments in the Company should the Kavka brand.
qualify for tax reliefs under the Enterprise Investment
Scheme (EIS). • The Company’s registered office is at 89 New Bond
Street, London, W1S 1DA, and its registered number
2. Benefits of the EIS is 9777338. The Company was incorporated in
The EIS comprises a variety of tax benefits available to UK England and Wales on 15 September 2015, but it has
tax paying individuals (subject to investments complying been dormant since incorporation.
with the relevant conditions) including:
• The Company was formerly known as Kruk Limited,
• 30% income tax relief on subscriptions of up to £1 and the name was changed to Okowita Vodka
million, reducing the net cost of investment to 70p per Limited on 14 September 2016. The business of the
£1 subscribed Company is and will be wholly conducted in the UK.
Its corporation tax reference number is 37786 10903.
• Unlimited and potentially indefinite deferral of capital
gains tax liabilities

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