Anyone craving certainty for their investments in the current climate is, it would seem, out of luck, writes Jack Rose, head of tax-efficient products at LightTower Partners.
The sense of unease - and I simply refuse to mention the dreaded 'B word' - makes investing in tax-efficient products right now doubly difficult. At the same time that general investment climate in the UK is unsettled, the products themselves are by design becoming riskier. The push from the government in recent years has been to more clearly focus the advantages afforded by the various schemes - from VCTs through to EIS, SEIS and business property relief - towards engineering greater investment in growth opportunities. Such was the outcome from last year's Patient Capital Review, ...
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