PA360 North revisited: Tax-efficient rules - OK?

The Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) sectors have been notable beneficiaries of changes to the pension rules and the most recent tax year, 2017/18, was no exception. Fundraising levels remained high and government support for the legislation saw increasing numbers of new advisers and their clients looking at and investing in the tax-efficient space. The hunt for attractive levels of income remains a further draw for investors. The 2018/19 tax year has, however, brought new rules on the type of companies that can qualify as investments. In particular, ...