Jack Rose: Banging the drum for tax-efficiency

Despite fears to the contrary - and regardless of historically high levels of uncertainty affecting the UK investment sector - the tax-efficient space enjoyed a successful year in 2018/19. In fact, looking purely at the venture capital trust (VCT) sector we can see it was another record year. Funds across the space raised a record £731m, according to the data from the Association of Investment Companies - the second highest amount since the tax shelters were launched in 1995. Whether it is VCTs, Enterprise Investment Scheme (EIS), seed EIS or even business property relief, the logic of e...