Venture Capital Trusts

mills112

I have invested in REITS and ETFS but I am looking into VCT for their tax efficiency.

I am aware that they are higher risks but wondered if anyone has invested in one of these funds?  There are quite a few to choose from on Hargreaves Lansdowne.

I also read that you need to hold the fund for at least 5 years in order to qualify for tax relief, I am assuming that is for exemption to CGT?

masonic

I've used them in the past. The 5 year holding period is so HMRC doesn't claw back the 30% tax relief they credit you with for investing.

mills112

masonic said:

I've used them in the past. The 5 year holding period is so HMRC doesn't claw back the 30% tax relief they credit you with for investing.

When I read up on VCT, there was also Enterprise Investment Scheme and Seed Enterprise Investment Scheme.  Have you invested in those two?

What was your experience with the VCT that you had invested in, did you think they were a good investment?