Commentary

E1.535 Venture capital trust dividends

Personal and employment tax

E1.535 Venture capital trust dividends

Venture capital trust dividends

E1.535 Venture capital trust dividends

ITTOIA 2005, s 709 provides for an exemption from income tax in respect of venture capital trust (VCT) dividends, provided certain conditions are met1. For these purposes, a VCT dividend is a dividend that is paid in respect of ordinary shares in a company that is a VCT at the end of the accounting period in which the profits or gains in respect of which it is paid arose, and when the dividend is paid, and was such a trust when the person to whom it is paid acquired the

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