VCT market will struggle to meet highs of last year

With the VCT market's record period last year coinciding with its increased tax break, most groups l...

With the VCT market's record period last year coinciding with its increased tax break, most groups launching into the sector were keen to stress their products also had a strong investment case. It is slightly concerning now then, that, with the tax break falling from 40% to 30% for tax this year, experts are predicting a major decline in VCT business. According to Martin Churchill, editor of Tax Efficient Review, while £750m went into venture capital trusts last tax year, he is predicting inflows of just £250m for the coming period. This comes as several groups are beginning to bring pr...