Tax-efficient changes to see Royal Assent on 8 March

Focus on 'knowledge intensive' investments

Tom Ellis
clock • 1 min read

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...

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