VCM53300 - VCT: investor CG deferral relief: different categories of shares
TCGA92/S151B (3)
It is possible for an investor to own VCT shares which attract different types of tax relief or no tax relief at all. TCGA92/S151B(3) divides these into the 4 categories below.
| - | Disposal relief | Deferral relief |
|---|---|---|
| (a) | Y | Y |
| (b) | Y | X |
| (c) | X | Y |
| (d) | X | X |
Y indicates shares eligible for relief.
X indicates shares not eligible for relief.
The reference to deferral relief means shares issued on or before 5 April 2004 on which the investor has been given or is entitled to claim ‘front-end’ income tax relief on investment. These are the shares which will give an entitlement to claim CGT deferral relief.