Tax-efficient sector hopes for Brexit boost

Industry must “prove argument”

clock • 3 min read

The tax-efficient investment sector could receive a Brexit boost, predict wealth advisers, as some of the more recent regulations imposed at the behest of the European Union (EU) are reversed or pared back once the UK is out of the bloc.

Over the past three years, the sector has seen state-aid rules imposed on it via UK government legislation, including restrictions on replacement capital and MBO-backed investments along with limits on the age of a company that can be invested in and the amount of money it can receive under tax-efficient schemes. Some advisers are now hopeful that in a post-Brexit scenario, however, there could even be a wholesale rollback of recent restrictions. "The government might be persuaded to change tack on MBO rules if there was enough pressure from the industry," says Ben Yearsley (pictured)...

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