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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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]