Statute
Section 262 — Income Tax Act 2007: Entitlement to claim relief
Text of the provision Official document
Entitlement to claim relief 262 1 An individual (“A”) who is eligible for VCT relief by reference to shares issued in a tax year is entitled to claim VCT relief for that year.
2 A is entitled to claim VCT relief in respect of the amount on which A is eligible for VCT relief by reference to all or some of the shares. This is subject to subsection (3).
3 A is not entitled to claim VCT relief for any tax year on an amount of more than £200,000.
Official source: legislation.gov.uk
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