Wealth managers warming to EIS: specialist (FT Advisor)
by Dave Baxter
Wealth advisers are showing growing acceptance of Enterprise Investment Schemes because of the tax benefits involved for their clients, Lee Goggin, a sector specialist has said.
The 39-page HMRC document Enterprise Investment Scheme and Seed Enterprise Investment Scheme Commentary Note, released in December last year, showed EIS flows had been increasing, with more than £1bn invested in the 2011/12 and 2012/13 tax years
He said there were risks in using EIS but it could form part of a diverse portfolio.
Jason Hollands, managing director, business development and communications, for UK-wide firm Tilney Bestinvest, said: “HMRC has taken a very robust approach to aggressive forms of tax planning, so it has helped drive investors towards schemes that have full statutory backing.”
Amount raised for EIS in:
See the article here on the the FT Advisor website.