VCT definition
Examples of VCT in a sentence
In order to better reflect the activities of a VCT and in accordance with the SORP, supplementary information which analyses the Income Statement between items of a revenue and capital nature has been presented alongside the Income Statement.
The Company intends to continue to meet the conditions required to maintain its status as a VCT for the foreseeable future.
The income received by the VCT will usually constitute either interest (on which the VCT may be subject to tax) or a dividend from a UK company (on which the VCT would not be subject to tax).
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There is no restriction on the distribution of realised capital gains by a VCT, subject to the requirements of company law.