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19 July 2010
HMRC have made changes
HMRC have made some changes to the introduction to the enterprise investment scheme (EIS) guidance. The main change relates to the new capital gains tax rate, and reads as follows:
‘The Budget on 22 June 2010 announced changes to the capital gains rules. Assuming that the legislation is enacted as anticipated, these changes may affect deferral under EIS of any gains accrued after that date, as it will no longer be possible both to defer such gains under the EIS rules, and for them to qualify for entrepreneurs’ relief. If you think that you may be affected by this you should seek advice before proceeding with investment under EIS.’
