VCM68810 - VCT: deferral relief: time limits for claims

The time limit for claiming deferral relief is six years from the end of the relevant tax year for 1995-96 and earlier years. For 1996-97 onwards, the time limit is five years from 31 January following the end of the relevant tax year. The relevant tax year is the one in which the later of the following events took place:

• the gain to be deferred arose,
• the VCT shares were issued.

VCT deferral relief is abolished for shares issued after 5 April 2004.