The last Budget fundamentally altered the EIS's hitherto well-established investment timetable and yet, warns Dermot Campbell, the majority of advisers have not realised what this means for them and their clients
In the world of tax-efficient investments - and especially in the case of the Enterprise Investment Scheme (EIS) - it has become something of a mantra that timing is of the essence. Yet, while changes to the scheme as a result of Phillip Hammond's Autumn Budget have fundamentally altered the previously-established investment timetable, the majority of advisers have not fully realised what this means for them and their clients. The Budget introduced changes to ensure EIS funds were channelled into genuine growth companies and not, in the Chancellor's words "low-risk investments, known as ...
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