CCH Personal Tax
Subscriptions for Venture Capital Trust Shares
The document outlines the concept of Venture Capital Trusts (VCTs), which allow individuals to invest in high-risk trading companies and benefit from income tax and capital gains tax relief, as well as exemption from corporation tax on gains. It provides a step-by-step guide on how to open subscriptions for VCT shares, including entering necessary details like the trust name, amount paid (up to £200,000), and the date of issue. It also advises keeping VCT certificates for potential HMRC requests.