Share buybacks carried out by Venture Capital Trusts (VCT) will no longer qualify for tax relief from April 2014, the government has said.
Tax-advantaged schemes for HNW clients deserve investigation
The Financial Conduct Authority (FCA) has delayed the publication of its final rules and guidance on unregulated collective investment schemes (UCIS) until June.
The Venture Capital Trust (VCT) sector raised £402.5m in 2012/13, up 22% on the previous tax year, according to data published by the Association of Investment Companies (AIC).
Investors with a tolerance for high risk could potentially maximise their tax-free allowances before the end of the tax year with VCTs.
In the latest Big Debate, our panelists from Daedalus Partners, Future Capital Partners and Puma Investments discussed the Do's and Don'ts of VCTs and EIS.