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Today's announcement that confidence in the UK manufacturing industry is at a 30 year low is yet another knock for an industry which has been under pressure for over a decade. As the UK economy...
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Sunday 5th October 2008
To many people VCTs and EISs are just more jargon from the City and something which they will never likely need to use never mind consider. But so many people could be so very wrong if they are successful with their investments in the future and need to reduce their capital gains tax liabilities.
To give them their full names, Venture Capital Trusts and Enterprise Investment Schemes are tax efficient ways of investing in specialist areas of the market where the risks may be higher than normal or the need for income may be such that tax incentives are on offer.
Aside from the fact that these investments are being managed by professional fund managers there is so much more to learn about VCTs and EISs. We now have access to guides by CSS Partners LLP which is a main player in the market and well aware of the attractive tax incentives which so many people in the UK may require.
The guide covers such areas as Income Tax Relief, Capital Gains Tax Exemption, Loss Relief and Capital Gains tax deferral relief. Do not fall into the trap of thinking that these tax efficient investment vehicles are only for the rich and famous – as more and more people in the UK operate and then sell their own businesses, assets, etc there may be enormous tax liabilities which can be reduced. |
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