Autumn Statement 23: LTAFs to be included in ISAs amid sweeping regime overhaul
LTAFs will be «brought into the scope of Innovative Finance ISAs from April 2024», according to the Autumn Statement
The simplification will include the expansion of investment opportunities available in ISAs, which will include long-term asset funds and open-ended property funds «with extended notice periods».
LTAFs will be «brought into the scope of Innovative Finance ISAs from April 2024», according to the Autumn Statement, alongside open-ended property funds with extended notice periods, the first mention of this change to property vehicles in official documents.
Fractional shares contracts will also be available for purchase through ISAs, with the statement revealing that certain fractional share contracts will become «eligible ISA investments», and further engagement with stakeholders will take place down the line to finalise implementation.
More to follow…
Autumn Statement 23: Chancellor creates 'new simplified R&D tax relief'
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