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Venture Capital Trusts ('VCTs')

It is not possible to invest in a VCT on-line. Current legislation requires a signed application form. Should you wish to consider VCTs, call 01225 428444 for professional assistance, or click here.

What tax benefits are available?

Up to 60% tax relief on your initial investment:
- 20% income tax relief for subscription at fund launch (max investment £100,000 pa in 2002/3).
- Up to 40% deferral of capital gains tax arising from disposal of other assets.
Income tax exemption on all VCT dividends received.
Exemption from capital gains tax on VCT share disposals (provided shares are held for > 3 years).

What is a VCT?

VCTs are collective investment funds quoted on the London Stock Exchange.
They invest primarily in small unquoted trading companies & companies listed on the AIM & OFEX markets.
Special tax privileges are afforded to individuals who invest.
The fund's investments are selected by a professional VCT manager.
The manager is supervised by an independent Board of Directors.

Investment Risk

VCTs are at the higher end of the risk scale.
At least 70%* of the fund must be invested in "small" UK unquoted, AIM or Ofex listed companies.
The 30% balance of the fund can be invested in low risk fixed interest securities.

*The fund has 3 years to phase into investments

The VCT rules are complex. The above provides only a general summary and is not a substitute for obtaining professional advice. Levels and basis, and reliefs from, taxation are subject to change and their value depends on the circumstance of the individual investor.

To request further information call 01225 428444, click on the call me back button below or to access the VCT Enquiry Centre, click here.

Astute Investor does not recommend or endorse investment products nor does it provide financial advice.
This site is for the use of UK residents only. Past performance is not necessarily a guide to future performance. Mortgages, loans, general insurance, stockbroking services, tax advice, will writing, advice on deposit accounts, and some aspects of protection are not regulated by the FSA. Levels and basis, and reliefs from, taxation are subject to change and their value depends on the circumstance of the individual investor.

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