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Foresight 4 VCT plc
Foresight 4 VCT
Objective
The objective of Foresight 4 VCT plc is to provide private investors with an attractive return from a portfolio of
investments in fast-growing unquoted technology-based companies in the United Kingdom.
It is the intention to maximise the tax-free income available to investors from a combination of dividends and interest
received on investments and the distribution of capital gains arising from trade sales or flotations.
VCT Tax Benefit for Shareholders beyond 6 April 2006
To obtain VCT tax reliefs on subscriptions up to £200,000 per annum, a VCT investor must be a ‘qualifying’ individual
over the age of 18 with UK taxable income. The tax reliefs for subscriptions from 6 April 2006 are:
● Income tax relief of 30% on subscription into new shares, which is retained by shareholders if the shares are held
for more than five years.
● VCT dividends (including capital distributions of realised gains on investments) are not subject to income tax.
● Capital gains on disposal of VCT shares are tax free, whenever the disposal occurs.
Website: www.foresightgroup.eu
Contents
Chairman’s Statement 1
Investment Summary
Unaudited Half-Yearly Results and
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Responsibility Statements 7
Unaudited Profit and Loss Account 8
Unaudited Balance Sheet
Unaudited Reconciliation of Movement in
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Shareholders’ Funds 9
Unaudited Cash Flow Statement 10
Notes to the Unaudited Financial Statements 11
Shareholder Information 13