Autumn Statement 2011 Million Pound VCT Limit Removed
Published / Last Updated on 29/11/2011
Autumn Statement 2011 - Million Pound VCT Limit Removed.
The Chancellor confirms in his Autum Statement that the maximum investment limit per company in Venture Capital Trusts of £1m will be removed.
This should provide more scope for investment in larger venture capital opportunities in the UK.
In addition, the Chancellor also announced a new Seed Enterprise Investment Scheme with 50% personal income tax relief on investments irrespective of your personal income tax position to benefit new start up and smaller companies.