117 EIS & VC Basics: What are VCTs? with Nel Isaac of Foresight Group

In the third of basics mini-series for the EIS Navigator we introduce Venture Capital Trusts (VCTs). Foresight Group manage four VCTs, so we asked Nel Isaac to come on and explain what they are about. VCTs are the most popular of the tax advantaged schemes, so it's great to get someone with such deep knowledge to give us a primer.

The areas we cover in the discussion include:

• what is a Venture Capital Trust?
• what a VCT can invest in?
• the restrictions on a VCT's cash holdings
• the different strategies that we see in VCTs
• what areas VCT managers invest into
• comparing EIS and VCT strategies
• how an investor can buy shares
• returns from dividends
• how to sell shares

As well as explaining the reliefs, Nel brings in lots of examples. Enjoy!

Links

Foresight Group - https://www.foresight.group/

Contact Nel - https://www.linkedin.com/in/nel-isaac/

HMRC page on Venture Capital Trusts: https://www.gov.uk/hmrc-internal-manuals/venture-capital-schemes-manual/vcm50000

HMRC page on tax reliefs for venture schemes: https://www.gov.uk/guidance/venture-capital-schemes-tax-relief-for-investors

Subscribe to the EIS Navigator podcast on most services here: https://the-eis-navigator.captivate.fm/listen

You can see this episode on video too here.

The playlist for all the videos of the Basics series will be found here.

Bio

Nel Isaac

Senior Strategic Partnerships Manager, Foresight Group

Nel Isaac is a Senior Strategic Partnerships Manager at Foresight, based in London. Nel has been with the business for 10 years and is currently responsible for managing relationships with key networks and national advice firms across the UK.

Nel holds a BSc in Anthropology from the University of Southampton and the Investment Management Certificate (IMC) qualification part one.

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