Skip to content
Solved

VCM51040 | VCT: investor income tax reliefs: ‘front-end’ income tax relief: when relief is not due

From HM Revenue & Customs · Venture Capital Schemes Manual

ITA07/S261(3) & S264

Relief is not due:

  • if the shares were acquired as part of a tax avoidance scheme, or

  • if a loan was made which would not have been made, or would not have been made on the same terms, if the shares had not been subscribed for - see SP6/98 (reproduced at VCM11030).