Statute
Section 263 — Income Tax Act 2007: Form and amount of relief
Text of the provision Official document
Form and amount of relief 263 1 An individual who—
a is entitled to claim VCT relief for a tax year, and b claims such relief for the year on any amount, is entitled to a tax reduction for the year.
2 The tax reduction is equal to 20% of the amount in respect of which the claim is made.
3 The tax reduction is given effect at Step 6 of the calculation in section 23.
Official source: legislation.gov.uk
There are no decisions in our collection citing this provision yet. As new judgments are published, they will appear here.
Search case law on this topic
See judgments from UK courts and tribunals with a plain-English summary and legal holding.
Explore case law →