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Budget 2007
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.
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