The Patient Capital Review and Autumn Budget cemented HM Treasury's move away from capital preservation in tax-efficient schemes, according to the expert panellists brought together for Professional Adviser's EIS webinar.
Last November's Autumn Budget and Patient Capital Review saw the introduction of the new 'principles-based' test on tax-efficient investments, which aims to ensure investment is focused on companies seeking long-term growth, and new rules intended to focus investment on so-called 'knowledge-intensive' companies. Why the future's now the future for tax-efficient investors' Watch PA webinar here The Treasury also increased the annual Enterprise Investment Scheme (EIS) investment limits for investors to £2m - as long as monies invested above £1m are invested in those knowledge-intensi...
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