VCM52030 - VCT: investor CG disposal relief: relief on disposals

Subject to the conditions outlined in VCM52020 being satisfied, CGT relief on disposals is available on any acquisition of shares. So the relief is available whether the taxpayer subscribed for the shares, or acquired them in some other way, such as a purchase from a previous holder of the shares. By contrast the CGT deferral relief available for shares issued before 6 April 2004 was limited to subscriptions.