Governments of both hues have introduced (and closed down) a variety of schemes to encourage investment in new and small businesses. A key feature of all of these schemes has been tax relief, which the Treasury views as necessary to encourage private investors to accept a high level of risk.
In the past, the creative minds of the financial services industry went to great lengths to devise structures which retained the tax benefits whilst minimising the risk. The result was normally a Budget announcement bringing the bright idea to an abrupt end. This cat and mouse game has now finished, but as a consequence of it the rules which govern the two current schemes – enterprise investment schemes (EISs) and venture capital trusts (VCTs) – are highly complex.Last Updated
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VCTs and EISs
01: Introduction
The value of your investments - and the income from them - can fluctuate and it is possible that you might not get back a significant amount of your investment. Past performance is not a guide to future performance and may not be repeated.
