HM Treasury’s United Kingdom Budget 2007

Grant Thornton

Grant Thornton

Venture Capital Trusts (VCT)1

  • Income tax relief at 30% of subscription2
  • 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).

1 Qualification rules are complex, HM Revenue & Customs approval required
2 Limited to tax liability for year of investment

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.

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

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Your email address will not be published.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>