Policy paper

Income Tax: crowdfunding and Individual Savings Accounts

This tax information and impact note applies to interest, gains and other payments from certain debt securities offered via a crowdfunding platform will qualify for new tax advantages where these investments are held in an innovative finance Individual Savings Accounts (ISA).

Documents

Details

At Autumn Statement 2014, the Chancellor announced the government would consult on whether to allow debt securities offered by crowdfunding platforms to be eligible for inclusion within an ISA. HM Treasury consulted on this measure between 8 July and 30 September 2015 and published its summary of responses in November 2015.This confirmed that these securities would be made eligible for the innovative finance ISA from autumn 2016, following technical discussions with interested parties. HM Treasury also confirmed that it would continue to explore the case for including equity investments offered via crowdfunding platforms within ISA.

Draft legislation and further guidance for this measure has also been published.

Published 9 August 2016