This is a freeview 'At a glance' guide to ISA investment in SMEs.
At a glance
Since July 2013 an individual saver has been able to invest their ISA allowance directly into Small to Medium-sized Enterprise (SME) equity markets and any gains arising from the growth of the investment has been tax-free.
Following consultation, the government amended the ISA regulations to expand the range of ISA qualifying investments to include company shares admitted to trading on a recognised stock exchange in the EEA. This met the main objective of allowing company shares on SME equity markets into the scope of ISA qualifying investments.
This policy is designed to inject capital into SME equity markets and encourage more investment in growing businesses. It will also improve choice for ISA investors by widening the range of shares eligible to be held in an ISA. Investors are still free to choose the investments they hold in their ISA.
Are you enjoying our content?
Thousands of accountants and advisers and their clients use www.rossmartin.co.uk as their primary TAX resource.
Register with us now to receive our receive our FREE SME Topical Tax Update & newletter
