Qualifying investors (any taxpayer) will invest in approved VCC's.
The Section 12J incentive gives individuals, companies and trusts the ability to write off 100% of their investment against their taxable income in the year they invest.
Get an upfront tax relief of up to 45%.
Targeted return of 20% per anum.
Tailored solutions that deliver results and achieve sustained growth
Investment products that creates sustainable jobs while maintaining an attractive returns profile.
Qualifying investors can claim income tax deductions in respect of the expenditure actually incurred to acquire shares in approved VCCs (Venture Capital Companies).
Qualifying investors (any taxpayer) will invest in approved VCC's.
The VCC will issue shares to you the investor and a 12J Tax certificate. The investor can then claim a tax deduction in respect of their investment in the approved VCC.
The VCC invests in qualifying investee companies.
In exchange, the 12J company will receive a return on investment from the investee company.
The FC Group is a well established Financial Firm of Chartered Accountants and Certified Financial Advisors. We offer comprehensive Wealth Management, Insurance, Tax and Accounting Solutions. We have been creating success stories from the start. We take great pride in the fact that we have become the trusted business partner of choice of many thriving entities. FC Wealth and Investments is the proud and trusted administrator for Growth Tree investments
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An investor qualifies for a deduction equal to the amount invested in a 12J VCC, duly registered with the FSCA and SARS, in the tax period the investment is made. The effective saving for the taxpayer is therefore the amount of the investment multiplied by his or her marginal tax rate.
In the tax period you wish to claim the deduction in, e.g. if your financial year end is 28 February 2021, you need to make the investment, and have the cash paid over, on or before 28 February 2021.
Yes. The performance of the fund will be directly linked to the performance of the investee companies. Risk will be mitigated through careful selection of investee companies, performance of due diligence investigations and the fact that a VCC may only invest up to 20% of capital raised in a single investee company, in essence forcing diversification.
Yes.