As HMRC announces a record £9.2bn in CGT receipts, Tom Hopkins looks at flows into the tax-efficient sector in 2018/19 and explains why EIS should play an increasingly important part in client conversations
And breathe … though not for long. The tax-year end is always a busy time for tax-efficient fund managers and financial advisers but this year was more complicated than usual - and I am not talking about Brexit. No - this was the first tax year since the implementation of the much-documented ‘risk to capital' rule changes to Enterprise Investment Scheme (EIS) and venture capital trust (VCT) investments, which kicked in at the end of the 2017/18 tax year. This resulted in a changed risk profile for both schemes, but it was the EIS industry that felt the bigger impact as asset-backed an...
To continue reading this article...
Join Professional Adviser
- 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.