Investing in emerging private companies has a higher risk profile than buying shares in established, listed companies. So, in order to encourage private investors to invest in VCTs, and thereby provide valuable funding support to the UK SME sector, generous tax benefits are available on new VCT shares. But how do you claim this tax relief?
Maven has created a handy 'how to' guide explaining the process.
Please note that Maven cannot give any investment, legal or taxation advice in respect of any fund or product featured in this document. This document is not an invitation or a recommendation to invest and is for information purposes only.
This document is a summary of Maven’s understanding of the current rules regarding VCT tax reliefs and how they should be claimed. The tax reliefs available to individuals will be dependent on personal circumstances. Shareholders and potential investors are recommended to consult a specialist qualified adviser regarding the taxation treatment of an investment in a VCT. Investors who are not resident in the UK are recommended to seek advice regarding their overseas tax position.