263Form and amount of reliefU.K.
This section has no associated Explanatory Notes
(1)An individual who—
(a)is entitled to claim VCT relief for a tax year, and
(b)claims such relief for the year on any amount,
is entitled to a tax reduction for the year.
(2)The tax reduction is equal to 30% of the amount in respect of which the claim is made.
(3)The tax reduction is given effect at Step 6 of the calculation in section 23.