VCTs offering good profit and value

Prospects for profit and value growth are high, according to the latest research from Allenbridge which, it argues, makes a good case for venture capital trusts (VCTs). David Knight, director of tax shelter research at Allenbridge, said looking at the long-term performance of VCTs shows many have performed well. VCTs, he continued, are designed as long-term investments by nature of the tax concessions they attract and factoring in the tax sheltering properties of VCTs, the absolute performance is exceptional he said. Despite this, he said the background for investment is not entirely...