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What the government’s new investment schemes mean for business

An interview with John Glencross, CEO of Calculus Capital

By John Glencross  

Business agreement handshake at coffee shop

How has the Budget changed the rules for the Enterprise Investment Scheme and Venture Capital Trusts?

The changes will mainly affect the new tax year 2018/19 and it’s important to highlight that the main tax incentives for investors are staying the same—income tax relief at 30 per cent on both EIS and VCT, no tax on capital gains, deferral of capital gains tax payable on funds subscribed to EIS investments, and tax-free dividends from VCTs.

What has changed is that the Treasury will no longer give tax relief on EIS investments it…

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