Budget 2008

Venture Capital Trusts - Budget 2008 - GT

Venture Capital Trusts (VCT)

  • Income tax relief at 30% 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 5 years (3 years for shares issued prior to 6 April 2006).

Qualification rules for Venture Capital Trusts are complex, HM Revenue & Customs’ approval required.

† Limited to tax liability for year of investment.

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