Tom Hopkins: A yo-yo year for tax-efficient investments

More ups than downs

clock • 6 min read

Tom Hopkins reflects on the ups and downs of the tax-efficient investment market in 2016/17 and, in the light of what on balance has proved a mostly 'up' year, considers what could happen over the coming 12 months

It is hard to think of a tax year that saw more challenges and changes in the world of tax-efficient investment than 2016/17. It was the first full tax year following changes to HM Treasury and HMRC rules. The result of these changes - including the age of investible companies now having to be less than seven years - has generally seen the overall risk profile of tax-efficient investments increase and the market fragment. From where we sit at Kin Capital, the highlights of the year were headed by the obvious fact venture capital trusts (VCTs) moved further towards the mainstream, with...

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