Baronsmead are one of the more reputable and successful VCT managers around and have been running VCTs for over 15 years, since their inception in 1995. They currently manage approximately £265 million across 5 VCTs.
What is the offer?
Baronsmead are looking to raise £1.5 million for each of the Baronsmead VCT and Baronsmead VCT 2 from existing investors on a first come first served basis.
Bestinvest’s View
The performance of Baronsmead VCTs have been amongst the best in their peer group and there has been no need to change their formula and have a strong management team. Through this top-up investors can access a mature portfolio of investments, however with Baronsmead only looking to raise a small sum we expect the issue to close shortly. Before downloading the application form investors should be aware that VCTs are considered high risk and they may get back less than originally invested. Investors who have
Forms
Baronsmead VCT
Baronsmead VCT 2
What is a VCT?
Venture Capital Trusts offer some attractive tax benefits. The initial investment, up to a maximum of £200,000, attracts 30% tax relief provided it is held for at least five years. Capital gains and dividends are also tax-free, although there is no relief for capital losses. VCTs invest in unquoted business so they are high risk and they can be illiquid, while management costs can also be high, so careful selection is essential. Bestinvest has researched every VCT since the scheme was launched.