John Endacott Tax Partner at Winter Rule asks why Venture Capital Trusts & Enterprise Investment Scheme shareholdings are currently not used to the full as tax-efficient investments
There are certain tax-efficient investments that are widely understood and much used such as pensions and ISAs. However there are others particularly Venture Capital Trusts (VCTs) and Enterprise Investment Scheme (EIS) shareholdings that are not. This article considers why this is so and whether tax and investment advisors are failing to properly advise their clients. All references are to the Taxation of Chargeable Gains Act 1992 unless otherwise stated.
Why the reliefs exist
The EIS was introduced in the Finance Act (FA) 1994 to replace the...
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John Endacott Tax Partner at Winter Rule asks why Venture Capital Trusts & Enterprise Investment Scheme shareholdings are currently not used to the full as tax-efficient investments
There are certain tax-efficient investments that are widely understood and much used such as pensions and ISAs. However there are others particularly Venture Capital Trusts (VCTs) and Enterprise Investment Scheme (EIS) shareholdings that are not. This article considers why this is so and whether tax and investment advisors are failing to properly advise their clients. All references are to the Taxation of Chargeable Gains Act 1992 unless otherwise stated.
Why the reliefs exist
The EIS was introduced in the Finance Act (FA) 1994 to replace the...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
