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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Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
There is nearly £8.5bn in “drifted” legacy UK equity income funds that have underperformed against the sector over the past decade, research has found. As the fund management industry awaits Mifid II next year, Morningstar has analysed the competitive UK Equity Income sector on behalf of Money Marketing and found about 10 per cent of the sector’s […]
Old Mutual Global Investors has appointed Freddie Woolfe head of responsible investment and stewardship, reporting into chief executive Richard Buxton. Woolfe joins from Newton Investment Management, where he was a responsible investment analyst primarily covering the healthcare and technology, media and telecommunications sectors. Previously he held roles at Hermes Equity Ownership Services and HSBC. Woolfe will […]