There is generally no limit on the amount that a VCT can invest in shares or securities of a company (the relevant holding). However if the VCT is a member of a partnership or joint venture that carries on the qualifying trade and the other partners or parties to the joint venture include at least one other company the maximum that can be invested is the 'relevant fraction' of £1m in a relevant period1. The relevant fraction essentially operates to divide £1m by the number of companies involved (including the relevant company). For example, if the relevant company
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 17:08