E1.535 Venture capital trust dividends
ITTOIA 2005, s 709 provides for an exemption from income tax in respect of venture capital trust (VCT) dividends, provided certain conditions are met1. For VCTs generally see Division E3.2.
For these purposes, a VCT dividend is a dividend that is paid in respect of ordinary shares in a company, that is a VCT at the end of the accounting period in which the profits, or gains, in respect of which it is paid, arose and when the dividend is
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