Tax Efficient

The April 2022 Business Relief Industry Update explores today’s most important and emerging trends in the context for Business Relief (BR), including the surge of inheritance tax receipts as reflected in HMRC statistics and the crucial issue of lasting power of attorney (LPA).
The Covid-19 pandemic has caused a significant deterioration in public finances, prompting calls for a more robust inheritance levy. Meanwhile, the confluence of high inflation, rising interest rates, and Russia’s invasion of Ukraine has increased pressure on savings, wealth and inheritance.
The BR scheme is more important than ever, in an era when inheritance tax is no longer the scourge of the super-wealthy, with more and more hardworking families ensnared by ‘the most hated tax’.

Remember to claim up to 2 hours CPD after going through the highly readable report.

Russia’s invasion of Ukraine spells fresh volatility for stock markets. Amid growing uncertainty about a crisis that could send global markets into a free fall, investors might be tempted to overreact and sell their investments.
But knowledge is the antidote to fear. This quarterly update of the Alternative Investment Market (AIM) attempts to cut through the market noise and deliver the facts, based on research, experience, and history.
The picture that emerges is that of a vibrant equities market that’s more resilient than most. Looking ahead, how will the market fare in the scary new investment landscape? How can investors protect themselves? What opportunities are there in a volatile market?
The AIM Update March 2022 provides clear answers to these important questions and many more.
Remember to claim up to 2 hours CPD after going through the highly readable report.

Our Adivser’s Guide to the Enterprise Investment Scheme is a valuable reference resource for financial advisers and paraplanners on the practical and technical aspects of using the EIS. The scheme, which is heading towards its thirtieth birthday, can combine high growth potential with generous income and capital gains tax reliefs, while offering a vital funding mechanism to the UK’s most innovative SMEs. These are the companies that will be fundamental to the chancellor’s, “future economy built on a new culture of enterprise.” But for investors, a thorough understanding of the current rules, regulations and functional nuances is key to the best outcomes. The guide’s case studies, flowcharts, tables and explainers are all designed to put professionals in a position to consider the most important variables.

You can claim up to 4 hours CPD for reading the guide and it is free to access here.

Our Adivser’s Guide to Business Relief is now in its third edition and has become an invaluable resource for financial advisers on this increasingly useful tax-advantaged investment area. The relief itself has now been around for over 45 years and has the power to resolve later life tax-planning conundrums and to drive investment into UK PLC. It helps shield family businesses from inheritance tax that could otherwise stifle their development, and it has matured into a useful funding pathway for green energy firms. Both investors and investees can benefit from ongoing growth, but like all tax reliefs, understanding the practical and regulatory aspects is key. So, any rules changes and technical titbits are reflected in this new version, the thought leadership has been refreshed with new contributions from industry experts and the case studies are right up to date with 2021/22 tax rates and allowances.

You can claim up to 4 hours CPD for reading the update and it is free to access here.

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Venture capital trusts (VCTs) have experienced momentum over the past few years, as they continue to attract investors and savers alike with generous tax breaks and huge potential returns. Many have been turning to tax-efficient vehicles such as VCTs to mitigate the effects of the reduction to the pensions annual allowance.

This update provides data on the current state of the sector and identifies developing trends that are critical to the industry’s success in the coming year. Last year saw the sector rebound impressively following a slump at the beginning of the pandemic. All indications point to an even bigger upsurge in 2022, prompted in part by the upcoming dividend tax increase in April.

This VCT industry report is a compendium of expert insights, key industry data, news and analysis. It is free to access here.

Remember to claim up to 2 hours CPD after going through the highly readable report.

Gone is the era of easy money, as we all know. Now, investors should enlist outside-the-box thinking to consider the ramifications of soaring inflation and a spike in interest rates, so mitigation strategies can be proactively put in place.
The Enterprise Investment Scheme (EIS) offers creative solutions. For investors mourning the erosion of their portfolio’s profit. For those worried about growing their funds. Or wealthy investors spooked by the rising chorus of voices calling for a wealth tax.
This update delivers insights into these and many other issues. You’ll find industry data, news and analysis as well as prognoses for a year that promises to be another blockbuster time for the sector.
You can claim up to 2 hours CPD for reading the update and it is free to access here.

The Venture Capital Trust (VCT) sector has shown remarkable stamina in navigating a pandemic that has posed the greatest health and economic challenge of a generation.

VCTs continue to play a vital role in the survival and growth of early stage companies.

The Autumn budget reaffirmed the government’s continuing commitment to small businesses and innovation. While there’s still a level of uncertainty about the UK economy, the success of the vaccine rollout has given hope to many small businesses.

This up-to-date look at VCTs provides industry news, expert perspective and insights, as well as analysis of the latest developments and trends of a dynamic sector in constant evolution.

You can claim up to 2 hours CPD for reading the update and it is free to access here.

AIM has been a star growth facilitator during Covid-19, showcasing young, innovative and adaptable companies and their unicorn ambitions. IPOs are up, the AIM All-Share index has performed well and with dividends are on their way back faster than expected. It is also home to numerous companies that qualify for the government’s tax-advantaged venture capital schemes, giving additional incentives to investors and focusing the attention of specialist investment managers. But, while it may no longer be the wild west of old, AIM remains a stock picker’s market where expertise lines the routes to success.
For a round-up of all the latest AIM news, insights and analysis, including impacts of the recent budget, take a look at the November AIM Update.

You can claim up to 2 hours CPD for reading the update and it is free to access here.

EIS does an important job for UK PLC by driving funds into SMEs with high growth potential and there’s not much more topical than that right now, unless your clients are looking for solutions to the capital erosion of surging inflation, or the additional income tax and CGT bills they may be liable for as tax thresholds remain static. As well as insights on the inflationary pressures and the booming wider venture capital market, this update delivers the expert insights of Shoosmiths Partner Tom Wilde on what the recent Subsidy Control Bill means for EIS and how approved EIS knowledge intensive funds are developing less than 18 months after their implementation.

You can claim up to 2 hours CPD for reading the update and it is free to access here.

The Q2 2021 Business Relief Quarterly Update scrutinises the future demand for estate planning and Business Relief as well as what the latest HMRC statistics say about the failure of the Residence Nil Rate Band to arrest rising IHT receipts.

Current inflationary pressures highlight the value of growth investments and there is regulatory news that advisers should be aware of. The latest trends are identified in Business Relief target returns, actual annualised returns, investment strategies and fees and charges, while industry experts give their views on the setting for the relief.

You can claim up to 2 hours CPD for reading the Update and it is free to access here.