Free guide: ‘How to save up to 50% income tax this tax year’
This year the ‘real’ tax year-end deadline could be now. Leave it to April and you might find there is little choice.
At the end of January 2018, £452 million had already been invested in VCTs, compared to £171 million at the same time last year. Many of the current offers are already close to capacity. I doubt many will still be available at the end of the tax year. So if you plan to invest in VCTs, it may be prudent to consider acting now.
The urgency is arguably greater if you plan to invest in EIS or SEIS. As you probably know, when the Finance Bill receives Royal Assent – expected at some point in mid-March – new restrictions will become effective. Only growth businesses will qualify and investors will need to take sufficient risks to justify the tax relief. As a result, some offers might become more risky, whilst others may not be available at all.
No one really knows the exact impact of the new rules. What is certain, however, is that for most investors the current rules are more flexible. So if you are going to do an EIS or SEIS this tax year, consider acting sooner rather than later. Remember, tax rules can change and benefits depend on circumstances.
So what investments could you consider?
Download your free 24-page guide and find:
- Impartial reviews of eight current VCT offers – including latest performance and dividends
- How to receive a full saving on VCT initial charges and annual rebates of up to 0.25% for three years
- In-depth review of four EIS and two SEIS offers – including two exclusive deals only available through us
- Quick overview of 31 EIS and 10 SEIS offers – including target returns and deadlines
- Secured bond paying up to 5.9% AER plus an exclusive bonus of 0.5% – available in an ISA
- How VCT, EIS and SEIS tax relief works and how it could help reduce effective loss to as little as 13.5%
- How to apply online for VCTs, EIS, SEIS and IHT ISAs
- How to protect this year’s ISA from IHT
A word of caution: the investments described are not for everybody. They invest in small companies, which are by nature riskier than their larger counterparts. The trade-off is that if you are a high net worth individual or sophisticated investor you could enjoy very significant benefits. The guide, like our service, is not advice or a personal recommendation, so if you’re unsure please seek advice. The opportunities mentioned are for experienced investors only. They invest in smaller companies, so could be more risky and illiquid than mainstream investments.
Why not download your free guide now? Simply complete this form for your free PDF download.
Your details will be kept safe and only used to occasionally send you relevant information, such as investment research, exclusive deals and tax updates. We’ll never share your details with anyone else, unless required by law. If you don't want to hear from us, please let us know.