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Budget 2006
Venture Capital Trusts (VCT)*
- income tax relief at 30% (40% 2005/2006) 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 3 years
* Qualification rules are complex, HM Revenue & Customs approval required
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.
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