This legal template is an Application for Assurance from HMRC (Her Majesty's Revenue and Customs) for obtaining Qualifying Holding Assurance for Venture Capital Trusts (VCTs) under UK law.

Venture Capital Trusts are investment vehicles designed to support small and medium-sized enterprises (SMEs) by providing them with capital. To qualify for various tax advantages and incentives, VCTs must comply with certain requirements outlined by HMRC.

This particular template is meant to be used by individuals or entities seeking assurance from HMRC that their holding or investment in a VCT complies with the qualifying conditions specified by the law. By obtaining this assurance, the applicant ensures that their VCT investment meets the necessary criteria to benefit from tax reliefs, exemptions, and other advantages offered by the UK government.

The template likely includes specific sections where the applicant provides details regarding their VCT investment, such as the nature and size of the investment, the VCT in which they hold shares, and any other relevant information required for evaluation by HMRC. Additionally, the template may also include a declaration and statement of accuracy, ensuring that the information provided is correct to the best of the applicant's knowledge.

By using this legal template, the applicant aims to navigate the assurance application process effectively, securing the necessary confirmation and approval from HMRC for their VCT investment to qualify for the desirable tax benefits granted by UK law.

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