Your Industry  

Guide to Venture Capital Trusts

    CPD
    Approx.60min

    Introduction

    Following the credit crunch the need for VCTs has never been greater as banks pull back from lending to less well established companies.

    But an investment in dynamic, entrepreneurial, high growth companies means VCTs are inherently high risk and investors wanting instant access to their cash could end up disappointed. Changes over time have moved the goal posts, as well, so advisers and investors need to stay up to date.

    This guide will provide details on the tax reliefs offered, current debates in the sector, regulatory requirements for advising on VCTs, and identifying suitable investors and appropriate products for them.

    Supporting material was provided by Jemma Jackson, PR manager of the Association of Investment Companies; Dermot Campbell, managing partner of Kuber Ventures; and Michael Piddock, business line manager for VCTs at Octopus Investments.

    In this guide

    CPD
    Approx.60min

    Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

    1. What year were VCTs introduced by the government?

    2. How many forms of tax relief can VCT investors get?

    3. Are VCT dividends tax-free?

    4. Who would qualify for VCT tax relief?

    5. From April 2012 what size of company can a VCT invest in?

    6. Which of the following is NOT one of the broad sectors that VCTs fall into, according to the AIC?

    Nearly There…

    You have successfully answered all the questions correctly, well done!

    I completed this CPD in

    To bank your CPD please complete the form below.

    Were the stated learning objectives met?

    Why weren't they met?

    What did you learn from undertaking this CPD exercise?

    Why did you undertake this piece of learning?

    Any comments about this article or FTAdviser's CPD in general?

    Banked!

    Congratulations, you have successfully completed and banked this piece of CPD

    Already Banked!

    You have already banked for this article.

    To bank your CPD you must sign in or

    Register

    One or more questions have been incorrectly answered,
 please review your answers and try again.

    Please complete all the above text fields to bank your CPD.

    More Your Industry CPDSee my completed CPDSee all CPD