Current VCT Offers
The table below shows the Venture Capital Trusts (VCTs) that are currently available, together with details of how much money each VCT has raised and our discount which is in the form of additional shares. As we are execution-only brokers, we reduce the cost of purchasing a VCT by rebating the majority of our commission to increase your investment. Before investing in a VCT please be aware of the risk factors associated with these products, some of which include the following:
The value of VCT investments can fall as well as rise and you may not get back the full amount invested. Furthermore, it would be unwise to purchase a VCT purely for the upfront tax relief and try to sell immediately after the minimum five year holding period. It usually takes three years to invest the monies raised and create a portfolio of qualifying investments, which are usually unquoted companies that don't lend themselves to short term horizons. However, this does not usually apply to top-ups where you are investing in a mature portfolio which may have a record of paying out dividends.
|Type of VCT||Fundraising Target||
|Minimum Subscription||Discount||Securities Note||
Closing Date 12/13 Tax Year
|Albion VCTs Top-up Offers 2012/13||Generalist||£15m||£11.5m||£6,000||0%||New Albion VCTs Top Up Offers 2012_2013 post RDR application form||12/06/13|
|Amati AIM VCT 1&2||AIM||£30m||£4.7m||£3,000||3%||Amati Prospectus 2013 with Chelsea Stamp with supplementaries||2014|
|Downing Planned Exit VCT 2||Planned Exit||£25m||£13m||£5,000||2.5%||Downing Planned Exit 2013||5/4/13|
|Edge H Shares||Generalist||£5m||£4m||£5,000||2.5%||EDGE HSHARE-PROSPECTUS||14/06/13|
|Foresight Solar VCT "C" Shares||Planned Exit||£20m||NEW ISSUE||£3,000||2.5%||Foresight Solar VCT||31/12/13|
|Hargreave Hale AIM VCT 1&2 Linked Offer||AIM||£20m||£1m||£5,000||1%||Hargreave Hale AIM VCTs Final Prospectus||30/4/13|
|Ingenious Entertainment VCT H||Planned Exit||£15m||£3,000||2.5%||Ingenious||30/4/13|
|Octopus AIM VCT||AIM||£10m||£700,000||£5,000||2.5%||Octopus AIM VCT Prospectus Feb13||5/4/13|
|Octopus Second AIM VCT||AIM||£10m||£340,000||£5,000||2.5%||Octopus Second AIM VCT Prospectus Feb13||5/4/13|
|ProVen Growth and Income VCT (Top-up)||Generalist||£20m||£8.1m||£5,000||3%||PGI VCT - Securities Note||31/05/13|
|Unicorn AIM VCT||AIM||£4.3m||NEW ISSUE||£2,000||1%||Unicorn AIM VCT Circular||30/4/13|
* Proven VCT shareholders are eligible for a 5% discount while Proven Growth and Income shareholders are eligible for 4%.
Please call 020 7384 7300 if you have any queries or to request literature.
Just to recap, here is a brief summary of the benefits available upon investing in a VCT in the 2011/12 tax year:
- Income Tax rebate of 30% (#)
- Exemption from tax on dividends
- Exemption from Capital Gains Tax on profits made from selling of VCT shares
(#) The 30% income tax rebate is available not just to higher rate taxpayers but also to basic rate taxpayers, so long as you have paid as much tax as you are claiming a rebate for. Individuals aged 18 and over who subscribe for new ordinary shares in VCTs are entitled to claim income tax relief at 30% subject to the amount subscribed in any one year not exceeding £200,000. This tax relief will be clawed back by HMRC should the investment be sold within 5 years of making the investment.