Subscriptions for Venture Capital Trust shares

This screen is accessed via the data input tab within the tax return and allows a claim of tax relief for subscriptions for shares in Venture Capital Trusts (VCTs).

Taxfiler’s computation will allow relief of 30% of the smaller of:

• The amount subscribed
• £200,000
• The amount that reduces the tax bill to zero for the year.
• Date invested’ Enter the date the investment was made. (Added from 2022)
• ‘Unique Investment Reference/Tax Office’ Enter either the Unique Investment Reference or HMRC Office that issued the documentation. (Added from 2022)
• ‘Trust’ Enter the name of the trust.
• ‘Amount subscribed‘ Enter the full amount subscribed.

If you enter an amount subscribed of more than £200,000, Taxfiler will limit the amount included on the tax return to £200,000 as required by the tax return notes.

To delete a line from the grid, click the ‘trash can‘  button at the end of the line.