by: Grow VC Group

Her Majesty (HM) Treasury has announced that as of July 1st, 2014 peer-to-peer lending is being given tax discounts for the first time in UK history. The radical reformation will take place within the Individual Savings Account (ISA) system.

The annual investment allowance limit has been raised from £5,760 (cash ISA) and £11,420 (stocks and shares ISA) to £15,000 in the form of cash ISA, shares or stocks ISA, or in combination, without lenders having to pay tax on their capital gains. Furthermore, all restrictions based around maturity dates of securities will be relinquished. This scheme will be known as the New ISA (NISA).

Read the full article and details on Crowd Valley Blog.

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Grow VC Group The Grow VC Group is the world leading, global pioneer of securities crowd funding, peer to peer marketplaces, new investment models and global business development. Established in 2009, the Group has developed new investment models on six continents and continues to innovate the global market.

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This entry was posted on Friday, April 11th, 2014 at 7:04 pm and is filed under Business Updates, Regulation. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.