Is the tax tail of VCT and EIS investment wagging the investment dog?
When it comes to considering the role of Venture Capital Trusts (VCTs) and Enterprise Investment Schemes (EISs), this is the question that needs to be asked and answered. Tax breaks need to be very carefully weighed against the material risks of owning minority stakes in small, unquoted company investments. Are they ever appropriate for investors?
This volume of Acuity assesses both schemes and explores what, if any role they should play in a balanced portfolio.