Baroness Penn, Treasury, has provided the following answer to the written parliamentary question (HL3755) from Lord Lee, Patron of ShareSoc:
To ask His Majesty's Government what estimate they have made of (1) the number of additional taxpayers who will have to complete Capital Gains tax returns as a result of the proposed reduction in threshold, (2) the amount of additional tax revenue that is likely to be raised, and (3) the extra cost of administration that will be required as a result of ...
It looks like the €8m limit may be removed and also that it may become easier for individual investors to participate in fund raisings. In addition shareholder rights to prevent dilution will be strengthened. This consultation looks to be good news for individual investors.
In our 10 page response to HM Treasury we said:
We welcome this consultation paper.
ShareSoc is a not-for-profit organisation with over 8,000 members. We represent the interests of 5 million individual shareholders and 12 million individual investors in the ...
A ShareSoc news item by ShareSoc Director Cliff Weight
The fundamentals of financial regulation are under question
Recent regulatory failures (for example Woodford, the mis-selling of mini-bonds peddled by London & Capital Finance, Wellesley, and the failure to protect pensioners being pressured by advice on pension transfers from commissioned agents) have forced a welcome review of current practice. ShareSoc and UKSA are responding to make sure the interests of ordinary savers and investors are properly safeguarded.
Two separate consultations are in progress, for HM ...