Defaqto's Harry Morrison: VCT fundraising falls behind target ahead of tax relief cut

46% of target raised so far

clock • 3 min read

Following the changes announced in the 2025 Budget, which proposed that upfront income tax relief on VCTs will fall from 30% to 20% from April 2026, the initial consensus was the current fundraising season for VCTs would see an increase in funds raised compared with last year.

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