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Introduction to the corporate venturing scheme

D8.301 Corporate venturing scheme—overview

The corporate venturing scheme (CVS) was introduced in 2000 and consisted of three reliefs which applied for qualifying shares issued after 31 March 2000 and before 1 April 2010¹.

The three separate reliefs were²:

1. Ìý

   •ÌýÌýÌýÌý investment relief – relief against corporation tax for a proportion of the amount subscribed for qualifying shares in an issuing company³

2. Ìý

   •ÌýÌýÌýÌý loss relief – relief against income for losses incurred on disposal of qualifying shares (see D8.360–D8.362)⁴, and

3. Ìý

   •ÌýÌýÌýÌý deferral relief – relief postponing chargeable gains on disposal of qualifying shares if the proceeds are reinvested in other qualifying scheme shares⁵

Investment and deferral relief are no longer accessible, as CVS qualifying shares can no longer be issued. However, if qualifying shares are still owned (and have been held continuously since issue) and are disposed of at a loss then CVS loss relief may