Private investors will be given more opportunities to gain tax relief for backing early-stage companies, under new proposals set out by the Treasury this week. But rule changes will mean investors have to take on more risk, advisers predict.
On Wednesday, a consultation document on tax-advantaged venture capital investments confirmed the expansion of venture capital trusts (VCTs) and enterprise investment schemes (EISs) outlined in this year’s Budget – and proposed a new Business Angel Seed Investment Scheme (Basis) to generate more ‘seed’ funding for companies at the pre-trading stage.
To read the full, original article click on this link: Tax breaks focused on riskier ventures - FT.com
Author: Matthew Vincent
