Impressive analysis as always. Just one point of clarification. Sadly, I believe that your comment ''EIS if held for 2 years is NOT PART OF INHERITANCE TAX OR CAPITAL GAINS'' is only valid for estates up to a certain size post the budget. Previously, it appeared to have been a blanket relief. The problem is the change to Business Propery Relief (BPR). Assuming this changes is fully implemented EIS/SEIS assets in common with other relevant private assets not quoted on a 'recognised' exchange will attract only 50% IHT relief. More information here: https://philiphareassociates.tax/wp-content/uploads/Budget-Statement-30-October-2024.pdf
As usual tax changes have complicated the tax code and the narrative. No shame in omitting that nuance. Keep up the good work.
Impressive analysis as always. Just one point of clarification. Sadly, I believe that your comment ''EIS if held for 2 years is NOT PART OF INHERITANCE TAX OR CAPITAL GAINS'' is only valid for estates up to a certain size post the budget. Previously, it appeared to have been a blanket relief. The problem is the change to Business Propery Relief (BPR). Assuming this changes is fully implemented EIS/SEIS assets in common with other relevant private assets not quoted on a 'recognised' exchange will attract only 50% IHT relief. More information here: https://philiphareassociates.tax/wp-content/uploads/Budget-Statement-30-October-2024.pdf
As usual tax changes have complicated the tax code and the narrative. No shame in omitting that nuance. Keep up the good work.
Hi Robert, thank you, I'll amend the article to reflect that and I thought there must be some further nuances - really appreciate it.