VCT values unlikely to grow this tax year

Investments in VCTs dropped by more than two thirds last year as returns from equities plummeted, but Bestinvest still does not believe in a rebound during the current tax year. The IFA says the £130m total invested in VCTs in the last tax year is only slightly below the long-term average between 1995-9, with the 1999-2001 period being the anomaly - 2000-1 alone saw £450m invested. Another factor likely to keep VCT fund growth down is the continued strong showing from property investments as house prices keep rising. The net asset values from VCTs have meanwhile declined s...