What tax reliefs are available?
For UK resident investors aged 18 and over who subscribe for up to £200,000 of new shares in a VCT in each tax year, these are the reliefs: • Income Tax savings of 30% of cost (pre 05/04/2006 – 40%) • Tax free dividends • Tax free capital gains You can subscribe for more than £200,000 of shares in a VCT in any tax year but, you will not obtain tax reliefs on investments greater than this amount.
