Budget 2005

Venture Capital Trusts (VCT)*

• income tax relief at 40% 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, Inland Revenue 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.