Investors are being offered tax breaks for going green with a new breed of venture capital trust (VCT) that invests in clean-energy companies.
VCTs are a type of fund that give investors 30% tax relief on new investments of up to £200,000, in addition to tax-free growth and dividends. They were created to boost growing companies, so they are a suitable match for the fledgling clean-technology sector, particularly as firms have been struggling to access bank finance.
The value of green VCTs has tripled from just £12.5m two years ago to about £37.5m now, according to Martin Churchill of Tax Efficient Review, an investment advisory firm.
Original Article: Funds that give you tax breaks for going green - Times Online
