Richard Hoskins: The age of change - financial advisers be aware

Educational process for advisers and clients

clock • 5 min read

The absence of any major EIS and VCTs announcements in the Autumn Statement makes little difference, says Richard Hoskins, as the dynamics of the tax-efficient investment sector have already changed beyond recognition

Changes to the ‘qualifying investment' rules last year, driven by the European Union and HM Treasury, have already completely altered the Enterprise Investment Scheme (EIS) and venture capital trust (VCT) market. The result of the changes, including the age of investible companies being less than seven years, has seen the risk profile increase and the market fragment - after all, generally speaking, the more mature the company, the more established and stable. In addition, HM Revenue & Customs (HMRC) is clamping down on ‘cookie cutter' companies - that is, those that replicate the same t...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

A new tax year for advice: 'Tax planning is not done'

A new tax year for advice: 'Tax planning is not done'

Advisers urge clients to maximise their tax breaks

Isabel Baxter
clock 08 April 2025 • 5 min read
Farming families must be proactive on advice ahead of APR/BPR change

Farming families must be proactive on advice ahead of APR/BPR change

‘The difficult conversations need to happen now’

Sahar Nazir
clock 03 April 2025 • 6 min read
Business' tax year planning – a reminder on carry forward

Business' tax year planning – a reminder on carry forward

'The carry forward rules can be difficult to navigate'

Caitlin Southall
clock 31 March 2025 • 4 min read