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HMRC internal manual

Venture Capital Schemes Manual

From
HM Revenue & Customs
Updated
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VCT: investor CG disposal relief: introduction

These instructions deal with the CGT reliefs available to individual investors in VCTs. See VCM50010 for an overview of the VCT scheme.

References to shares mean new eligible or ordinary shares in a VCT as required by the context. The instructions assume that the VCT was approved at the time the taxpayer acquired the shares unless the context otherwise requires it, see for example VCM52110. The layout of the instructions is as follows:

  • Disposal relief: VCM52000 onwards.
  • Deferral relief (up to 6 April 2004): VCM53000 onwards.