The government is consulting until 26 September 2013 on changes to limit the tax relief available for certain share buy-back and reinvestment arrangements between VCTs and their investors. The aim is to ensure upfront income tax relief for investors is given only in respect of a new investment in VCT shares, rather than for effectively recycling an existing investment in a particular VCT.
The government is consulting until 26 September 2013 on changes to limit the tax relief available for certain share buy-back and reinvestment arrangements between VCTs and their investors. The aim is to ensure upfront income tax relief for investors is given only in respect of a new investment in VCT shares, rather than for effectively recycling an existing investment in a particular VCT.
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