VCT dividends as shares

VCT dividends as shares

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If dividends are taken as shares rather than cash from a qualifying VCT subscription does the dividend/cost of the addition shares qualify for income tax relief.

Sorry silly question but its bothering me.

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By IanBrewster
13th Jul 2010 09:42

Yes

 A VCT that I hold paid a special dividend and offered shares instead of cash.  They sent me a tax certificate showing the amount as a VCT investment and I set it against my SA.

That was in 2007, but I don't know of anything that would change the rules since then.

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