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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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.