Close is offering an Aim VCT aiming to get round liquidity issues and the lack of a secondary market by offering a range of exit strategiesThe Close IHT Aim VCT launches on October 3 with two asset share classes. The A-share class, effectively a standard VCT, offers 40 per cent income tax relief on investments from 5,000 to 200,000 and regular tax-free dividends to shareholders. Investors in the B-share class, which has a minimum investment of 50,000, can three years convert the shares after three years into A shares or can take the underlying stocks held in the VCT into their own portfolio through an in specie transfer. If held for a further two years, the value of these investments can be passed on IHT-free.A discount management strategy with Close buyback shares to maintain a maximum 8 per cent to NAV discount provides liquidity for A shares. Close Venture Management director Andrew Buchanan will manage the fund.