VCTs/EIS

Share buybacks carried out by Venture Capital Trusts (VCT) will no longer qualify for tax relief from April 2014, the government has said.

VCT specialist Puma Investments has today launched its latest limited life venture capital trust, Puma VCT 10.

Hargreave Hale is seeking to raise £20m for its VCT range from new and existing investors.

VCT funds under management have hit £2.9bn this year, the highest level since the sector was established in 1995.

VCTs

Venture Capital Trusts (VCTs) and Enterprise Investment Schemes (EIS) have been granted an exemption from the FCA's ban on sales of unregulated collective investment schemes (UCIS) to retail investors.

VCTs are a tax efficient way for investors to support and benefit from growth in some of the UK's most dynamic, entrepreneurial and high growth companies.

In the latest Big Debate, our panelists from Daedalus Partners, Future Capital Partners and Puma Investments discussed the Do's and Don'ts of VCTs and EIS.

The Budget was widely expected to be the most dismal for years, and the Chancellor duly confirmed the UK will miss latest targets for both GDP growth and public debt reduction.

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