VCT and EIS Investors are Living in Interesting Times – Jack Rose
- On October 5, 2018
- By GrowthInvest Admin
Jack Rose considers the current dichotomy in the tax-advantaged sector – despite the overwhelming availability of EIS there is actually a reduction in demand from advisers, while VCTs now face the opposite issue
We are only at the start of the ‘tax season’ yet already we have a relatively clear picture of how things are shaping up for fundraising this year – at least for venture capital trusts (VCTs).
Following a bumper year for VCT fundraising – which hit a record high last year since income tax relief was reduced from 40% to 30% – there has been speculation as to who will open offers and how much they will raise before 5 April 2019. Early indications suggest there will be in the region of £650m of available product this year – some £80m less than was raised last tax year.
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