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Investment business |
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Investment businessThe Financial Services Act 1986 defines investment business to include dealing, arranging deals in, managing and advising on investments in addition to the setting up and operation of collective investment schemes.Similar MatchesUnit Share Investment Trust (USIT)Unit Share Investment Trust (USIT)A unit investment trust comprising one unit of prime and one unit of score. Investment product line (IPL)Investment product line (IPL)The line of required returns for investment projects as a function of beta (nondiversifiable risk). Portfolio investmentPortfolio investmentThe acquisition of portfolio capital. Usually refers to such transactions across national borders and/or across currencies. Enterprise Investment SchemeEnterprise Investment SchemeThe Enterprise Investment Scheme is a UK tax incentive scheme designed to encourage investors to invest in unquoted companies. The benefits are:Income tax relief at 20%: so if you invest £10,000, the taxman gives you £2,000 back.CGT relief: provided you hold your investment for five years, any gains subsequently made are free of capital gains tax.Tax relief on losses: if your EIS investment is a disaster, you can set the losses off against gains made in the tax year in which you incur losses.Rollover relief: if you use the proceeds from selling shares in Company A to invest in Company B, and Company B is an EIS-qualifying company, you won't have to pay tax on the gains made from Company A until you subsequently dispose of Company B's shares. i.e. your gain is rolled over.The maximum amount you can invest in an EIS is £150,000 annually. Similar tax breaks are available from investments in Venture Capital Trusts (VCTs). Essentially, these are investment trusts that invest in small unquoted companies. As with EIS investments, there are lots of rules which, if broken, will invalidate the tax advantages.The risks associated with EIS companies are high and you should take professional advice before committing funds to them. Real Estate Mortgage Investment Conduit (REMIC)Real Estate Mortgage Investment Conduit (REMIC)A pass-through tax entity that can hold mortgages secured by any type of real property and can issue multiple classes of ownership interests to investors in the form of pass-through certificates, bonds, or other legal forms. A financing vehicle created under the Tax Reform Act of 1986. Further SuggestionsInvestment managementDiversified investment company investment club dividend reinvestment plan Investment climate Association of Unit Trusts and Investment Funds Bank Investment Contract (BIC) Investment value return on investment Mutually exclusive investment decisions Independent investments Investment certificate investment company Passive investment strategy Foreign investment risk matrix (FIRM) Expected return on investment Multilateral Investment Guarantee Agency (MIGA) Investment Company Act of 1940 Investment letter Monthly investment plan Investment agreement Undertakings for Collective Investment in Tradable Securities Personal Investment Authority real estate investment trust Capital investment |
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