Venture Capital Trusts
Use this page to enter details about subscriptions to Venture Capital Trusts.
The client may be able to claim tax relief on subscriptions for shares in Venture Capital Trusts up to a total of £200,000. They must have been aged eighteen or over when the shares were issued to qualify.
The amount of relief that they are entitled to is the smaller of:
- the amount subscribed multiplied by 20%
- the amount that reduces their tax bill to nil for the year
| Option | Description |
|---|---|
| Name of company / scheme |
The name entered here will appear on the Reliefs data schedule and at Any other information, box 19 on page TR 7 of the Tax Return (SA100). This box must be completed. You cannot save any other changes that you have made to the form without doing so. |
| Amount invested in the 20xx-xx tax year | Enter the total amount invested in the tax year |
| Amount of 20xx-xx investment on which relief claimed | Enter that part of Amount invested in the 20xx-xx tax year on which relief is claimed for the tax year. |
| Date of issue of shares | These details will appear on the Reliefs data schedule and at Any other information on the Tax Return (SA100). |
| Number of shares |
How do I get here?
Reliefs > Investment tax reliefs
The tax year that you are entering details for is shown at the top of the data entry page. If you want to change the tax year, you should select a new date from the drop-down list at the top of the navigator.
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Auto calc - If you tick this option, the calculations will be automatically completed for you where possible. If you untick this box you will see a new tab appear called Summary.
Note: Not all data-entry forms have an Auto calc option.
- Estimated - Tick this box to indicate that the figures you've used are estimated. This will then show on the item in the navigator, and at the higher level folder in the navigator by showing a small e.
- Complete - Tick this to indicate that the form is complete. A green tick will appear on the item in the navigator and at the higher level folder in the navigator.
If you want to close the page without saving any of your changes, you can click Cancel. If you were adding new details, then nothing will be saved. If you were editing an existing item then the page will close, reverting to your previously saved details.