Titanium 1 - Section 12J Venture Capital Company

Titanium 1 - Section 12J Venture Capital Company is rated 3 out of 5 in the category investment management. Read and write reviews about Titanium 1 - Section 12J Venture Capital Company. Titanium 1, in conjunction with TCG Projects, is helping solve Africa’s energy crisis by providing cheap, plentiful and reliable energy through investments in ventures and projects to develop independent private power solutions. Interested parties must at all times consult their own advisor, banker, broker, legal adviser, accountant or other appropriately qualified professional. Individuals that require further information should contact Titanium 1 at [email protected] WHO QUALIFIES TO BE AN INVESTOR? “In terms of Section 12 J, any South African tax resident that invests in a venture capital company (VCC), approved and registered in terms of Section 12 J”. The tax deduction is available to all taxpayers, including individuals and all legal entities (companies, trusts, etc.) HOW IT WORKS? Taxpayers who invest in a VCC, through the acquisition of shares in the VCC, are entitled to a 100% tax deduction on monies invested, subject to the provisions of Section 12 J, thereby achieving an immediate return of up to 41% (Individuals), 28% (Companies) and 40% Trusts etc. (being the reduction in taxes payable) on their investment. THEREFORE SECTION 12 J IN PRACTICE • Investors will acquire shares in a VCC • The VCC will provide the investor with a certificate which will allow the investor to claim the full tax deduction, on expenditure incurred in acquiring the VCC shares. (The investment will need to be within the tax financial year end of the year in which the investor requires the tax deduction.) • The VCC will, in turn, invest and acquire shares in qualifying companies.