Changes in the Autumn Budget have made it still more vital advisers research VCT and EIS managers thoroughly to ensure they have relevant experience, according to the experts on Professional Adviser's EIS webinar panel.
Last November's Budget, which coinicided with the government's response to the Patient Capital Review, saw the introduction of the new 'principles-based' test on tax-efficient investments. This is intended to focus investment towards so-called 'knowledge-intensive' businesses and those seeking long-term growth, rather than low-risk capital preservation companies. 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 in those knowledge-intensive companies. T...
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