The thread title makes it sound as though I am a millionaire wanting to philanthropically help new businesses. I wish.
We have just sold a small second home, as DH is now terminally ill and we will not be using it. An independent Financial Advisor has been looking into all our finances and giving us advice on various things. He will return tomorrow to get our decisions.
Most of it is straightforward, but we are undecided about what to do with the lump sum for the property. As we bought it for a song many years ago, and have done most of the upgrading etc. ourselves (therefore no receipts for work done) we seem on paper to have made a profit, so will be liable for Capital Gains Tax.
He is keen on putting it into an enterprise Investment Scheme which gives loans to small unquoted companies doing Solar Power installations. The CGT would be delayed for three years, and - a tempting consideration - if DH dies within that time, his half of the Capital Gains Tax liability dies with him. Advisor thinks that there is a risk in the investment, but not enough to dissuade us from investing. DH is ultra-cautious and not entirely convinced.
Does anyone have any ideas about what the level of risk of these small companies failing actually is, statistically, or any opinions on this?
Oversharing of personal information - have we reached the nadir?
