Part 6Venture capital trusts
Chapter 2VCT relief
Entitlement to relief
263Form and amount of relief
1
An individual who—
a
is entitled to claim VCT relief for a tax year, and
b
claims such relief for the year on any amount,
is entitled to a tax reduction for the year.
2
The tax reduction is equal to 30% of the amount in respect of which the claim is made.
3
The tax reduction is given effect at Step 6 of the calculation in section 23.