Indy Ref 2 and vct management
Posted: May 16th, 2021, 12:57 pm
With the possibility of a further referendum looming how would vct's managed in Scotland cope if there is a yes vote this time ?
Both Maven & Amati are managed from Scotland, although Maven have offices around the UK, to my knowledge Amati do not, so how would HMRC view a vct managed outside of the UK, not with much enthusiasm I fear ?
Given too that the only non Scot on the Amati management team is Dr Jourdan, the others all appear to be Scottish.
So if some of them do not wish to relocate to rUK that hardly augurs well for continuity.
There is also a new Amati prospectus due out in Summer, so anyone buying into that would possibly see a change of management within the 5 year lock in period.
Conventional fund managers such as Investment Trust's would not, I suspect, be remotely affected but given the tax advantages of a vct I suspect those managers outside UK could be in a difficult position & Amati likely to be worst affected.
Just thinking out loud...
Both Maven & Amati are managed from Scotland, although Maven have offices around the UK, to my knowledge Amati do not, so how would HMRC view a vct managed outside of the UK, not with much enthusiasm I fear ?
Given too that the only non Scot on the Amati management team is Dr Jourdan, the others all appear to be Scottish.
So if some of them do not wish to relocate to rUK that hardly augurs well for continuity.
There is also a new Amati prospectus due out in Summer, so anyone buying into that would possibly see a change of management within the 5 year lock in period.
Conventional fund managers such as Investment Trust's would not, I suspect, be remotely affected but given the tax advantages of a vct I suspect those managers outside UK could be in a difficult position & Amati likely to be worst affected.
Just thinking out loud...