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SIPPs and VCTs

If I have paid £5000 in income tax in the current tax year and I reclaim it by contributing to a SIPP, can I also claim it back by buying shares in a new VCT - in effect getting double relief?

Reply to
sp
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You can't claim back more than you've paid.

Reply to
DaveJ

Thanks for your reply, but could you direct me to a specific source for the information? I asked a broker who was unable to find any such prohibition but suggested I should check with the Inland Revenue. I thought it better to ask an unbiased public first.

Reply to
sp

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