VCM64010 - VCT scheme: reliefs: summary of investor reliefs
Three reliefs are available to individuals subscribing for new ordinary VCT shares:
- ‘front-end' income tax relief ( VCM64000 onwards),
- exemption from CGT on disposals ( VCM66000 onwards), and
- exemption from income tax on dividends ( VCM64200).
CGT deferral relief, previously available, was abolished in
respect of shares issued after 5 April 2004 (
VCM68000 onwards).
Two reliefs are available to individuals who acquire ordinary
VCT shares other than by subscription, for example by purchasing
them from someone else:
