Venture Captial Trusts Flashcards
What are the reliefs of vct
30% income tax reducer like eis
Max investment per tax year is 200k
When is vct relief withdrawn
If shares sold before 5 yrs
How much dividends is tax free from investments in vct
Up to 200k per tax year
Can cgt be invested in to vcts
No can’t
Are gains made in vct exempt on disposal
Yes with no requirement on length of time held
What is the qualifying rule for vct
Must be hmrc approaches
Listed on the stock exchange
Not be a close company
Income must be derived from shares
Rules that govern eis apply to vct as well
70% of vct investnets must be by value in?
Qualifying unlisted trading companies and these must be in new ordinary shares
The 30% can be in loans or other shares with a min of 5 yr term
What’s the max that vct can invest in a single company
15%
Do vct pay cop tax on gains arising on disposals
No they do not
