Tax planning for 2011: EIS and VCT investments
Lesley Stalker outlines some tax efficient investment options for those in the 50% rate band over the coming year.
If you are a 50% taxpayer, the next few months mark an important time to consider how your 2009/2010 personal tax liabilities can be reduced and the best way to invest any additional funds. One attractive option can be to invest in a high growth business through either the Enterprise Investment Scheme (EIS) or a Venture Capital Trust (VCT) - both schemes are designed to help smaller, higher risk unquoted trading companies to raise capital. As tax advisers, we are not authorised to provide investment advice concerning different schemes, this should be undertaken with a qualified investment advisor. However, we can explain the tax position concerning these initiatives.
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EIS & VCTs
All very interesting but not worth a jot unless you can make a specific product recommendation and as these products are regulated you need to seek advice from a regulated financial planner (Independent if possible).
As a Chartered Financial Planner within a firm of Independent Chartered Financial Planners WR Financial Management can assist in both the tax planning and selection of a suitable product to meet your (or your clients) Risk Profile.
Kind regards