Acronym

Question 1

VCT Acronym

FIND GIN

Answer 1

For investment of up to £200,000;
Income Tax relief 30% up to client tax liability; if held for 5 years.
Not covered at all by Financial Services Compensation scheme
Dividends tax-free.
Gains exempt from CGT/CGT-free; with no minimum period.
Income Tax relief - may not receive all of it/level of tax relief may exceed tax paid.
No loss relief/deferral relief.

Question 2

PAIF

PAMNS

Answer 2

Property value must be at least 60% of total assets.
At least 60% of net income; from exempt property business/ringfenced.
Must pay 3 types of income.
No corporate investor; holding 10% or more of NAV.
Shares widely held.