Please note that whilst the campaign is labelled as EIS eligible, the company has its SEIS allowance remaining. We will therefore be looking to seek SEIS relief on the first £150,000 invested into the campaign and EIS relief on the balance. Any tax relief is dependent on personal circumstances and may be subject to change in the future.
Raffle House is a property prize competition website. Think property lottery, open to participants from all over the world. We showcase extremely desirable properties in the price range of £350,000-£650,000 in highly populated UK cities and offer them as prizes to our customers.
Our customers select how many tickets they want to purchase in a particular draw, pay the £5 ticket fee and then answer a multiple choice question. If they answer correctly, they will be entered into the draw and have a chance of winning the property.
We will also offer cash runner-up prizes and donate 5% of our ticket sales revenue to one of three homelessness charities, as chosen by our customers.