Charles Owen: Advisers can still find EIS value despite rule changes

      The Finance Act 2018, enacted on 15 March, has made some notable changes to the Enterprise Investment Scheme (EIS), which offers tax breaks of 30% to investors willing to buy into high-risk, early-stage businesses. This came about because of the Government's concern that EIS was increasingly being used as a ‘capital preservation' vehicle rather than a route to fund high-growth, high-risk companies. As such, many asset-backed funds no longer comply. According to the FT, for example, the EIS Association (EISA) has reported roughly £900m was invested into EIS funds in 2016...