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Esoteric investments

The managers and promoters of EIS and Seed EIS schemes and portfolios are expecting to attract a record volume of assets in the current tax year, as investors look to take advantage of the investment opportunities and tax breaks available.

Two bespoke platforms in the sector, Growth Invest and Kuber Ventures, saw significant increases in interest from the adviser and wealth manager communities in the last quarter of 2016, which has carried on into this year. The EIS sector attracted in the region of £600m last year and some predict this could reach £1bn this year. Overall, if VCTs, AIM IHT and BPR investments are included, the total invested last year was in excess of £2bn and this is also likely to rise significantly. Dermot Campbell, chief executive of Kuber, said:"The attractive tax planning opportunities that come w...