VCM51010 - VCT: investor income tax reliefs: summary of investor reliefs
Three reliefs are available to individuals subscribing for new ordinary VCT shares:
- ‘front-end’ income tax relief (VCM51020+),
- exemption from income tax on dividends (VCM51200), and
- exemption from CGT on disposals (VCM52000+).
CGT deferral relief, previously available, was abolished in respect of shares issued after 5 April 2004 (VCM53000+).
Two of those reliefs are available to individuals who acquire ordinary VCT shares other than by subscription, for example by purchasing them from someone else: