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Any Restrictions on VCT relief?

Any Restrictions on VCT relief?

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Are there any restrictions on receiving VCT relief for an investor if a claim for EIS relief from another investor has already been made?

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By Steve Kesby
14th Apr 2014 10:28

Eh?

You get VCT relief for investing in a VCT that invests in qualifying companies. You can't get EIS relief for investing in a VCT; you get EIS relief for investing directly in a qualifying company.

Are you perhaps referring to SEIS relief? where relief is indeed precluded if there have been previous EIS investments.

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Replying to ireallyshouldknowthisbut:
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By Jigs
14th Apr 2014 19:48

Sorry didn't explain myself very well - I am aware of the restrictions on the SEIS relief - but wasn't sure if for any reason there would be any issues for a VCT company investing in a company in which an individual has previously invested in and received EIS relief. I assume not?

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By kaff
14th Apr 2014 21:00

£5m annual investment limit
Companies receiving EIS or VCT investment are subject to a cap on the aggregate amount of investment they may receive annually via those schemes or via any other risk capital State aid.

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