Calculate Venture Capital Trust reliefs: 30% income tax relief up to £200,000, tax-free dividends and CGT-exempt growth over a 5-year holding.
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Computes VCT reliefs (2025/26): 30% income tax relief on new ordinary shares up to £200,000 per tax year (capped at your tax liability, clawed back if sold within 5 years), plus tax-free dividends on the qualifying holding and CGT-exempt growth — with the dividend advantage projected over 10 years.
£10,000 into a new VCT issue: £3,000 income tax relief (net cost £7,000), plus £500/year of tax-free dividends at a 5% yield — saving £168.75/year for a 33.75% dividend taxpayer, about £1,688 over 10 years.
Enter the VCT investment (new ordinary shares).
Optionally cap the relief with your income tax liability.
Set the expected dividend yield and your marginal dividend tax rate.
Read the relief, net cost and the tax-free dividend advantage.
Last data update
July 5, 2026
Sources and references
GOV.UK — Tax relief for venture capital scheme investors (gov.uk/guidance/venture-capital-schemes-tax-relief-for-investors); HS298.
The data in this calculator is updated regularly to reflect the latest official rates. When in doubt, consult the official sources listed above.
30% of the amount invested in new ordinary VCT shares, up to £200,000 per tax year — limited to your income tax liability, with no carry-back.
5 years, or the 30% income tax relief is withdrawn. Dividend exemption and CGT exemption apply regardless of the holding period.
VCT: 30% relief, tax-free dividends, 5-year hold, no loss relief, no CGT deferral. EIS: 30% relief, 3-year hold, CGT deferral and loss relief, but taxable dividends. Many investors use both.