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Easing of EIS and VCT rules may mean more sales

The four technical changes to the rules surrounding EIS and VCTs should provide a boost to this type of entreprenurial investment. Perhaps particularly important is the reduction from five to three years in the minimum period for which investments must be held if they are to qualify for income tax relief under the schemes, and to prevent any tax reliefs being put at risk if the company in which the investment is made goes into receivership.

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Brits lured by cheap continental homes, says Abbey

Abbey National says the number of French and Italian homes bought by Britons has soared by 75 per cent over the last year.Homes on the continent tend to be cheaper than in the UK but buyers typically pay between 10 and 15 per cent of the price of a property in transaction fees and taxes.Homes […]

Quicker rewards from enterprise

Venture capital trusts and enterprise investment schemes have been given a boost in a bid to make them more attractive to investors by cutting the minimum holding period.Tax reliefs available via VCTs and EISs are on condition that the investor remains the beneficial owner of the shares for five years.But the minimum holding period to […]

Company Cars

In order to protect the environment, proposals have been made to increase the tax charges on company cars. There are those that apply from 6 April 1999 and those that will apply from 6 April 2002.From 6 April 2000 the car benefit charges will continue to be:-■ 35% of the list price ■ 25% of […]

Life Policyholder Taxation

The only proposal announced impacting on the taxation of life assurance policies is that changes are to be made to the rules which determine which policies qualify as overseas life assurance business (OLAB). Following consultation, changes will be made to the legislation, with the intention of increasing the competitiveness of UK insurers selling abroad. These […]

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