Withdrawal of relief
In this lesson, you'll learn what happens to your tax relief when you sell shares in venture capital schemes early, and how the withdrawal rules differ depending on the type of share and sale circumstances.
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In this lesson
- 0:00 Tax relief withdrawal conditions
- 0:20 When relief is withdrawn by share type
- 0:38 Arm's length sales and relief clawback
- 0:54 Calculating relief withdrawn on losses
About this lesson
You'll discover the critical three and five-year holding periods that trigger relief withdrawal, and understand how whether you sell at arm's length (to an unrelated party) affects the amount of relief you lose. This is essential for Advanced Taxation (ATX) and will help you advise clients accurately on the tax consequences of early share disposals in SEIS and VCT investments.
Duration: 1m
Transcript
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