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VCT, EIS and SEIS

This section provides an analysis of the tax reliefs afforded by venture capital trusts, the enterprise investment scheme, and highlights the important differences between the individual schemes.

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Venture capital trusts

A venture capital trust (VCT) is an investment company broadly similar to an investment trust, but what sets it apart?

Enterprise investment scheme

The enterprise investment scheme (EIS) allows certain tax reliefs for investors who subscribe for qualifying shares in qualifying industries.

Seed enterprise investment scheme

The Seed enterprise investment scheme (SEIS) is targeted at investors who subscribe for shares in early stage companies where the risk is often greater.

Social investment

Individuals may make an eligible investment and deduct 30% of the cost of their investment from their income tax liability, either for the tax year in which the investment is made or the previous tax year.

VCT, EIS and SEIS compared

The reliefs for venture capital trusts, the enterprise investment scheme and the seed enterprise investment scheme are similar in many respects, but there are some significant differences.