It is being proposed that the tax rules relating to Section 12J Venture Capital Company investments. Section 12J Company’s allows a taxpayer to deduct the cost of his investment into a section 12J approved investment company for income tax purposes, and, provided this investment is held for at least 5 years no recoupments will be triggered. Section 12J investments are recommended for those High Networth Individuals (including trusts), wishing to reduce their income tax exposure but granting you an effective 45% income tax deduction. However, there is an element of investment risk associated with these investments and it is therefore advisable that you seek the advice of your preferred financial planner prior to you entering into such an investment. An example of one of the more renowned S12J companies is Growvest.