Jack Rose: VCT and EIS investors are living in interesting times

We are only at the start of the ‘tax season' yet already we have a relatively clear picture of how things are shaping up for fundraising this year - at least for venture capital trusts (VCTs). Following a bumper year for VCT fundraising - which hit a record high last year since income tax relief was reduced from 40% to 30% - there has been speculation as to who will open offers and how much they will raise before 5 April 2019. Early indications suggest there will be in the region of £650m of available product this year - some £80m less than was raised last tax year.   The shortfall in...