For info
Article in today's (28 Jan 2022) IC: "To VCT or not to VCT?"
https://www.investorschronicle.co.uk/news/2022/01/24/to-vct-or-not-to-vct/
or via Google: https://www.google.co.uk/search?q=IC+To+VCT+or+not+to+VCT
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IC: To VCT or not to VCT
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- Lemon Slice
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Re: IC: To VCT or not to VCT
I was reading the blog referred to by UKFIRE. One item stood out in the second article where it stated the minimum holding period for retaining VCT tax relief was only 3 years for reinvested dividends. Has anyone else come across this? On its own the DRIS may be small but if you are already planning to sell a 5 year old holding it would be worth combining the sale with DRIS derived shares.
Thanks for the link, have a red
Thanks for the link, have a red
Re: IC: To VCT or not to VCT
I saw that and I asked Wealthclub and they said it's 5 years for DRIS. So I'd ignore that. No mention in HMRC guidance either.
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- 2 Lemon pips
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Re: IC: To VCT or not to VCT
This illustrates the dangers of relying on information posted on blogs, however well meaning. I also noticed the comment that VCTs and EIS are broadly similar. I have a very different view. I do agree that Wealth Club provide an excellent service - and lots of free information for those looking to invest. Ditto the AIC website.
Re: IC: To VCT or not to VCT
Very true James. I do think it's a good set of blogs overall though (as part of wider research).
Yes EIS very different from VCTs. One important one being you can exit a VCT after 5 years, whereas EIS not so easy after 3 or 5.
Yes EIS very different from VCTs. One important one being you can exit a VCT after 5 years, whereas EIS not so easy after 3 or 5.
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Re: IC: To VCT or not to VCT
ukfire wrote:Very true James. I do think it's a good set of blogs overall though (as part of wider research).
Is there anything missing from those blogs? It seems like it's pretty comprehensive but there's always the chance that something has been left out.
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