Chancellor of the Exchequer Philip Hammond's rule changes to tax-efficient investments are set to receive Royal Assent through the Finance Bill as early as 8 March, according to the Financial Times.
Last November's Budget, which coincided with the government's response to the Patient Capital Review, will see 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. Ian Battersby: Deal-flow and deployment - the EIS 'must haves' From Royal Assent of the Finance Bill 2017/18, the test will be introduced to reduce the scope for, and redirect, low-risk investment, together unlocking a...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
