Part 6

Venture capital trusts
Chapter 2

VCT relief

Entitlement to relief

Entitlement to claim relief
262
1
An individual (“A”) who is eligible for VCT relief by reference to shares issued in a tax year is entitled to claim VCT relief for that year.
2
A is entitled to claim VCT relief in respect of the amount on which A is eligible for VCT relief by reference to all or some of the shares.
This is subject to subsection (3).
3
A is not entitled to claim VCT relief for any tax year on an amount of more than £200,000.