# Income Tax Act 2007, Section 262: Entitlement to claim relief


(1) An individual (“A”) who is eligible for VCT relief by reference to shares issued in a tax year is entitled to claim VCT relief for that year.
(2) A is entitled to claim VCT relief in respect of the amount on which A is eligible for VCT relief by reference to all or some of the shares.
This is subject to subsection (3).
(3) A is not entitled to claim VCT relief for any tax year on an amount of more than £200,000.

---
Source: https://www.legislation.gov.uk/ukpga/2007/3/section/262 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-262
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.