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KembaraXtra - Legal Terms - VCT
1. Introduction
VCT is the abbreviation for venture capital trust.
2. Investment Structure
A venture capital trust is a qualifying investment company that invests in eligible businesses.
3. Stock Exchange Listing
A VCT is generally required to satisfy applicable listing and statutory requirements.
4. Investment Purpose
VCTs are designed to encourage investment in smaller qualifying companies.
5. Risk Diversification
Investors may obtain exposure to several businesses through a single investment vehicle.
6. Tax Relief
Qualifying investments may attract statutory tax reliefs, subject to the applicable conditions.
7. Cross-Reference
See 391. KembaraXtra - Legal Terms - Venture Capital Trust (VCT).
8. Legal Importance
VCTs form part of the United Kingdom’s framework for encouraging investment in developing businesses.
