Beware the 2019 VCT Capacity Crunch
- On February 26, 2019
- By GrowthInvest Admin
The government introduced venture capital trusts in 1995 to encourage investment into Britain’s smaller companies.
They provide the benefits of 30% income tax relief, long-term potential for growth and tax-free dividends. While encouraging investors to take more risk with their wealth they have to be held for a minimum of five years.
Of course, VCTs won’t be for everyone. It’s important to remember VCT capital is at risk and investors may get back less than they originally invested. Tax treatment also depends on individual circumstances, the VCT maintaining its qualifying status and may change in the future.
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