Subscriptions for venture capital trust shares section (SA100)

This section is used to record a claim for subscriptions for shares in Venture Capital Trusts (VCTs) tax relief. Our computation allows relief of 30% of the smaller of:

  • The amount subscribed

  • £200,000

  • The amount that reduces the tax bill to zero for the year.

Refer to the HMRC Tax return for Self Assessment guidance if needed (opens in a new tab).

  1. Go to Clients > Client List and find the required client.
  2. On the Self assessment returns widget on the client dashboard, select the required return. The Status tab is shown by default.
  3. Select the Data input tab, then select Add new section.

    Any previously added sections are crossed through. Once added, the section can be edited by selecting its name.

  1. On Choose a section to add, select the Reliefs tab.

  2. Under Investment reliefs, select Subscriptions for Venture Capital Trust shares.

  3. For each item, enter the following, then select Save changes.

    A new line is automatically added. Unwanted lines can be deleted using the bin icon.

Date invested - enter the date the investment was made. (Added from 2022)

Unique Investment Reference / Tax Office - enter either the Unique Investment Reference or HMRC Office that issued the documentation. (Added from 2022)

Trust - enter the name of the trust.

Amount subscribed - enter the full amount subscribed.

If you enter an amount subscribed of more than £200,000, the amount included on the tax return is limited to £200,000 as required by the tax return notes.