With Tax-efficient investments, including Enterprise Investment Scheme (EIS) and venture capital trusts (VCTs) filling rapidly this tax year, Seneca Partners have opened the Managed Storage EIS Fund No.2.
In a recent article by Professional Adviser, LGBR Capital head of tax products Jack Rose has attributed the surge in sector demand to VCT rule changes, which mean management buy-out strategies are now ruled out and investors must hold an investment for at least seven years to qualify for the tax savings. He said this has restricted the ability of many managers to raise large amounts of capital this tax year.
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For more information about their second offering, please email seneca@lighttowerpartners.co.uk or call 020 7071 3926.