A beginner’s guide to investing in small entities and the available tax reliefs for doing so.
Starting a business is rarely glamourous. Many of the globe-straddling behemoths of the business world had low key beginnings. Both Apple and Hewlett-Packard were famously started in their founder’s garages while the mighty Samsung began life as a grocery store in Korea in 1938.
Most of these household names needed investment in order to grow into the brands we know today.
Small businesses are an essential component of the economy and accounted for 99.3% of all private sector businesses in 2016. The government wants to encourage investment in this vital part of the economy and offers tax relief on certain kinds of investment. More…