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View the article online at http://citywire.co.uk/wealth-manager/article/a640342

Autumn Statement: Govt clampdown could provide EIS/VCT boost

by Annabelle Williams on Dec 06, 2012 at 07:00

Turning to the kind of evasion the government is likely to be focusing on, Neal Todd, corporate tax partner at Berwin Leighton Paisner said he expected any schemes where money is hidden to come under fire.

‘I suspect a great deal of [tax] planning will and should go on… people wake up and think “I want to buy a property or a company and how can I do that in a way that is tax efficient”, which is perfectly acceptable.’

‘The people who put the General Anti-Abuse rules (Gaar) together went specifically at what they called the most egregious or extreme tax planning.’

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