HM Treasury’s United Kingdom Budget 2005

brought to you courtesy of Grant Thornton


brought to you courtesy of Grant ThorntonVenture Capital Trusts (VCT)*

  • income tax relief at 40% of subscription
  • relief on subscriptions of up to £200,000 per tax year
  • shareholders exempt from tax on dividends
  • disposals exempt from capital gains tax
  • income tax relief holding period 3 years

* Qualification rules are complex, Inland Revenue approval required

The figures shown here are subject to ammendment as the Finance Bill passes through Parliament.

This information has been prepared only as a topical guide to tax and personal financial matters. No responsibility can be accepted by us for loss occasioned to any person acting or refraining from acting as a result of any material contained in this publication.

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