Tax-efficient sector hopes for Brexit boost

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)...