When can my client claim tax relief on their investment?

 Clients can claim up to 20% Income Tax relief on qualifying VCT investments of up to £200,000 per tax year. Relief is available in the tax year the shares are allotted, not when the application or payment is made. The shares must be held for at least five years to keep the tax relief.

If dividends are reinvested through FlexiDRIS, they are treated as a new investment. This means they may fall into a different tax year and have their own five-year holding period.