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Home / Simons-Taxes /Personal and employment tax /Part E3 Reliefs for investors /Division E3.2 Venture Capital Trust schemes (VCTs) /VCTs—capital gains tax reliefs for the investor / E3.220 VCTs—capital gains tax reliefs for the investor

E3.220 VCTs—capital gains tax reliefs for the investor

Personal and employment tax

E3.220 VCTs—capital gains tax reliefs for the investor

VCTs provide individual investors with favourable tax treatment for gains arising on VCT shares. The scheme depends generally in the first place on a company obtaining approval from HMRC to operate as a VCT. The conditions for approval are described in E3.230.

The CGT reliefs available to the individual investor are:

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B3.325 General exclusions—first-year qualifying expenditure

I7.323 APR and successions

D1.8101 Groups of companies

I7.504 Designation for the conditional exemption

I9.325 Foreign pensions free from IHT

A1.810 Limitation

E1.1502 Tax treatment of transfers with accrued interest

B5.820 Charity's profits of trade—general liability to income tax

C2.201 Allowable expenditure for capital gains—overview

C2.1231 Leases—deemed premiums

C2.108 Contingent liabilities

D1.404B Large company definition for R&D tax relief

C3.1713 PPR relief where a dependent relative occupied the residence prior to 6 April 1988

D6.711 Liquidation—capital gains implications

B2.472 Tax and tax-related expenditure

E3.192 CGT loss relief on disposal of EIS shares

B2.202 Capital receipts

D4.104 Company residence and the case law test

C3.1706 PPR relief where there is job-related accommodation

D4.412 CFCs—excluded territories exemption