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110: Ideas for using EIS and VCTs for tax planning | Rakesh Murria of Ascension Ventures

21 Jan 2025 / Podcast Tax Advantaged
Ascension Ventures

Although we generally focus on the investment aspects of EIS and VCTs, the recent budget brought a renewed spotlight onto the tax benefits. Rakesh Murria, COO of Ascension Ventures, has been looking at how to use the reliefs in a more sophisticated way than the simple scenarios that generally get discussed. In this episode, he runs through some scenarios for us, illustrating how tax-advantaged products can be used to reduce investor tax bills.

In a wide-ranging discussion, we talk about:

  • Tax reliefs for EIS, SEIS and VCTs;
  • How they may help with those with pension assets that were earmarked for inheritance;
  • Mitigating CGT on carried interest (and how they may help when that changes too);
  • How to use Business Investment Relief;
  • How EIS is an alternative to AIM for IHT relief.

Rakesh discusses these issues with advisers regularly so has some great insights. Plenty of ideas for both investors and advisers.

Please email [email protected] if you have any questions or comments on The EIS Navigator.

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Links

Read more on the Ascension Ventures website.

Watch the Ascension webinar on tax planning.

Suggested book

Material World by Ed Conway

Rakesh Murria is the COO of Ascension Ventures (ascension.vc), where he oversees operations across its tax-efficient and institutional funds. With over 20 years in the technology, media and telecom sector, he’s held senior roles such as Director of Product at EE, shaping the mobile, broadband and TV offerings.

He’s also co-founded a FinTech start-up, spearheading its growth and raising £3m in funding, and has spent years advising early-stage tech companies. From corporate boardrooms to startup hustle, Rakesh brings deep experience and practical insights to scaling businesses and driving innovation.

Disclaimer

Please note this podcast/interview does not constitute a financial promotion and is provided for informational purposes and should not be construed as an invitation or offer to buy or sell any investments. Please be aware that investments into unquoted companies are high risk, long term and illiquid investments.  Your capital is at risk. Past performance is not a reliable indicator of future performance.  Target returns are not guaranteed and forward looking statements are illustrative only and must not be relied upon. Investors should only invest on the basis of reading the full offer documentation. Listeners must make their own independent decisions and obtain their own independent advice regarding any information, projects, securities, tax treatment or financial instruments mentioned herein.