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.
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 […]
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 […]
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 […]
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 […]
Focused on bottom-up stock selection, not just in equities but also corporate bonds, DNCA has a reputation as being a multi-asset manager, but is also well known for its European equity funds.
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Brewin Dolphin is cutting costs by up to 18 basis points on funds in its managed portfolio service as it introduces segregated mandates for core asset classes. Star fund managers including Neil Woodford and Nick Train are among the line-up to run segregated mandates in the manager-of-manager approach for four core asset classes. The MPS’s […]
Advisers have called into question claims made by the head of the Financial Ombudsman Service that the complaints adjudicator is “not a consumer champion”. Earlier this week, Caroline Wayman told a committee of MPs that the FOS’ job was not to “advance the cases of the individual” but to provide a “level playing field”. Wayman […]
The FCA has renewed its suspensions on discretionary fund manager Stargate Capital Management. The regulator first told Stargate it could not take on any new appointed representatives back in June. The FCA has also continued its ban on new investments into the firm’s FX Perpetual fund, an “absolute return systematic algorithmic FX trading strategy” and […]