Went to a very interesting seminar yesterday regarding the use of Venture Capital Trusts (VCT) and Enterprise Investment Schemes (EIS) as means by which investors can save income tax, capital gains tax and inheritance tax.
Not for the faint-hearted as you're investing in new emerging companies. But, for those investors with a higher appetite for risk, they might be a solution to either reclaiming tax paid in the previous year, saving tax in the current tax year.
An added benefit with an EIS is that the assets are eligible for business property relief. Therefore, if they're held at the date of death and have been held for a minimum of two years in the previous five, although classed as within your estate, they are currently taxed at 0%. So, for those investors thinking they have to survive seven years for any IHT planning, this might be a solution?
