Update: Curtains for lower-risk EIS as Finance Bill receives Royal Assent

Royal Assent received today

Jayna Rana
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VCTs and EIS offer tax breaks of 30% to investors buying into early-stage companies
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VCTs and EIS offer tax breaks of 30% to investors buying into early-stage companies

The Finance Bill received Royal Assent today meaning investors can no longer benefit from tax-efficient schemes, including VCTs and EIS, investing in low-risk businesses.

The bill, which was originally set to receive Royal Assent on 8 March but was delayed by a week, will introduce a "risk-to-capital condition" that will stop investors taking advantage of tax breaks by...

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