Choosing VCTs - Step with Care

With the end of the tax year rapidly approaching, probably this is the last chance for another year for your clients to select a venture capital trust (VCT). It was good to see that the Chancellor’s recent budget set no new limit on the relief available for VCTs. This is despite the Government putting forward the new a new overall minimum tax rate for high income earners which could restrict the value of other reliefs. Whilst the tax benefits of VCTs have been well documented, and are becoming increasingly attractive in these times of increasing restrictions on other sources of tax mitig...