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.