Budget 2008

Corporate Venturing Scheme (CVS) - Budget 2008 - GT

Corporate Venturing Scheme (CVS)*

  • For shares issued after 31 March 2000 and before 1 April 2010.
  • 20%corporation tax relief on amounts subscribe for new ordinary shares in companies with qualifying activities.
  • Investment must not exceed 30%of ordinary share capital or voting power.
  • At least 20%of ordinary shares must be held by individuals.
  • Investee company’s gross assets must not exceed £7 million pre investment or £8 million post investment.
  • Company must have fewer than 50 employees at time of investment and not have raised more than £2 million in the last year from CVS, EIS or VCT investment.
  • Minimum holding period 3 years from later of issue date and commencement of relevant trade.
  • Tax deferral on gains on corporate venturing investments reinvested in other shares attracting corporate venturing relief.
  • Relief against income for capital losses (net of investment relief) on share disposals.

* Qualification rules are complex, HM Revenue & Customs’ approval required.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>