What is 'Venture Capital Trust' (VCT) and what tax advantages does it offer?
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A
A tax relief scheme for investments in large quoted companies with venture capital divisions
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B
A listed investment company investing in qualifying small companies, offering 30% income tax relief on new shares (up to £200,000 per year), tax-free dividends, and CGT exemption on disposal of VCT shares
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C
A pension product for venture capitalists offering enhanced annual allowance
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D
A government scheme offering guaranteed returns on investments in start-up technology companies