METTA Capital aims to raise R200 million for its first-of-a-kind, Section 12J portfolio of funds over the next month.
26 January 2018
There has been growing interest in Section 12J companies, particularly over the course of the past year as high-income earners have tried to reduce their tax burden and various new funds have come to market. The tax incentive allows taxpayers to deduct the full amount invested in a qualifying Section 12J Venture Capital Company from their taxable income. The tax deduction is only recouped if they don’t remain invested for five years.