NAVIGATING TAX- ADVANTAGED MARKETS IN 2024

The Autumn Statement announced the prolongation of the Enterprise Investment Scheme ( EIS ) and Venture Capital Trusts ( VCTs ) sunset clause until 2035 , extending past its original 2025 deadline . Authored by Alan Sheehan , Director at MICAP , specialists in taxadvantaged investments and a part of Defaqto . Here ’ s a guide for advisers that want to delve deeper into VCT and EIS investments in 2024 . This decision , largely influenced by vigorous lobbying and compelling evidence from the EIS and VCT sectors , reflects the recognition of the need to maintain funding for companies dependent on ongoing equity investment . Without this extension , such funding was at risk of diminishing . This move marks a significant affirmation of the tax-advantaged investment sector , which has seen considerable growth over the past 15 years . Despite its growth , many advisers still seem to underestimate the sector ' s size . Currently , we list 32 unlisted Business Relief services , 39 AIM Business Relief services , 53 EIS funds ( including five approved by HMRC as knowledge-intensive ) and 28 VCTs on the MICAP platform .