Magazine
Latest Issue

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…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect