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HMRC internal manual

Venture Capital Schemes Manual

VCT: investor CG deferral relief: disposals

A disposal of the VCT shares, VCM53090 (a) and (b), is the most common type of transaction. There are identification rules to determine whether the disposal of VCT shares results in a release of any deferred gains being brought back into charge. These rules are necessary because an investor may have a holding of shares in a VCT only some of which have attracted deferral relief.