What you need to know about investing in a VCT and the 30% tax break
Time:2024-05-21 15:13:20 Source:opinionsViews(143)
Venture capital trusts offer the opportunity to invest in some of Britain's most exciting small growth companies and a juicy 30 per cent income tax break.
By pooling investors money in investment trusts run by specialist managers, VCTs offer a way to spread your risk while backing the small firms that could become the next big thing, with previous examples including Zoopla, Depop and Five Guys.
But they say you should never let the tax tail wag the dog, so before putting money into a VCT you need to make sure it is right for you.
On this episode of the Investing Show, Simon Lambert and Richard Hunter are joined by Bestinvest's Jason Hollands, who explains what you need to know about VCT investing - and talks through some of the offers out there.
DIY INVESTING PLATFORMS > Compare the best investing platform for youPrevious:Independent UN experts urge Yemen’s Houthis to free detained Baha'i followers
Next:Hall of Fame outfielder Ken Griffey Jr. to lead Indianapolis 500 field in Corvette pace car
You may also like
- Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
- Beijing looks to boost green technology development
- Shanghai to Athens airline route set to launch in April
- Check out these water
- Yvette Fielding says her Most Haunted co
- China makes continuous efforts to protect intangible cultural heritage
- Experts, execs stress responsible AI
- Business social credit regulations revised
- Jon Wysocki dead at 53: Staind drummer passes away