Did you know that there is a great way to invest your capital into smaller companies and still benefit from some generous tax breaks? If you haven’t heard of VCTs, I’m going to explain them in more detail below.
In our latest segment of “Money Minute,” we look at VCTs, more commonly known as “Venture Capital Trusts”. If income tax relief, tax free dividends and tax free capital gains wets your whistle, you may want to start doing your research into the financial benefits of VCTs.
This is a big “however” this this statement. These “tax breaks” are only applicable to investments on the riskier end of the spectrum, so make sure that you do your research first!
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