Now is the time of year when VCTs really come into the own, writes Hugh Rogers, as he takes a closer look at how this area of tax-efficient investing has evolved over the last two decades
Back in 1998, Norman Cook - better known to some as Fat Boy Slim - launched his most successful album, You've Come A Long Way, Baby. And without wishing to upset any readers - yes, it was 20 years ago this year. Feeling old? Don't worry, you are not alone. If back then you were busy dancing to The Rockafeller Skank, you could be forgiven for not noticing venture capital trusts (VCTs) were starting to gain in popularity, as those who had made gains in the tech boom of the late 1990s sought to shelter their gain. Many investors and their advisers might not remember VCTs were once a capi...
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