Why you should not ignore tax-advantaged investments

Enterprise investment schemes (EISs), venture capital trusts (VCTs) and business relief products are by no means new in the market place. Business relief - which until recently was known as Business Property Relief or ‘BPR' - was first introduced in the 1976 Finance Act. For their part, EISs replaced the old Business Expansion Schemes in 1994 while VCTs were introduced in 1995. While figures for assets raised in business relief schemes are hard to come by, the last tax year saw more than £2bn raised across EISs and VCTs. According to HMRC and AIC data respectively, since inception, EISs ...