VCTs

Question 1

VCTs

The Income Tax Relief is Withdrawn if Either:

Answer 1

• The Shares Are Disposed Within 5 Years of Acquisition; or
• The VCT Loses It’s HMRC Approval Within 5 Years of The Subscription Date.

Question 2

VCTs

What is The Clawback of The Relief?

Answer 2

Equal to 30% of The Sales Proceeds.

(Cannot Exceed The Amount of The Original Relief)

Question 3

VCTs

What Income is Exempt From Tax?

Answer 3

Dividends Paid on The First £200,000 of VCT Shares Acquired.

(Regardless if Purchased From Another Investor)