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Investing in small and medium-sized businesses has become much more attractive for UK angels thanks to changes to entrepreneurs’ relief announced in the Budget. Now external long term investors can benefit from the 10% capital gains tax rate that was previously only available to entrepreneurs who owned more than 5% of a company.
“The chancellor has been quite innovative here and has recognised that the EIS and VCT schemes needed to be refocused on earlier-stage businesses,” said Claire Madden, a partner at Connection Capital, the specialist private equity investment firm. “But when you look at it, it is the more established and still-growing small and medium-sized businesses that are the big drivers of growth in the economy — and those businesses still need capital to grow.”
https://next.ft.com/content/af602f02-eb91-11e5-888e-2eadd5fbc4a4
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