Summary
VENTURE capital trusts, one of the most popular taxfriendly investments for the better off, will be significantly different from next month, and are set to attract a f lood of lastminute, and possibly illadvised, cash before April 6.
The chancellor had flagged in December that his generous 40per cent income tax rebate for new VCT investments would not last, and on Wednesday he cut it to a still generous 30per cent - the industry had expected 20per cent.See the full content of this document
Extract
Stop for a Second Before Diving Into That Last-Minute Vct
But the minimum period for which VCT investors must hold their shares will rise from three to five years, underlining the real purpose of the tax break to underpin the growth of the inv...
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