Capital Gains Tax: Entrepreneurs’ relief: minimum shareholding requirement | Practical Law

Capital Gains Tax: Entrepreneurs’ relief: minimum shareholding requirement | Practical Law

The First-tier Tribunal has held that the existence of certain deferred shares had to be taken into account in determining whether the taxpayer’s ownership of other shares satisfied the 5% minimum ownership threshold to qualify for entrepreneurs’ relief from capital gains tax.

Capital Gains Tax: Entrepreneurs’ relief: minimum shareholding requirement

Practical Law UK Articles 3-627-1036 (Approx. 3 pages)

Capital Gains Tax: Entrepreneurs’ relief: minimum shareholding requirement

by Norton Rose Fulbright LLP
Published on 28 Apr 2016United Kingdom
The First-tier Tribunal has held that the existence of certain deferred shares had to be taken into account in determining whether the taxpayer’s ownership of other shares satisfied the 5% minimum ownership threshold to qualify for entrepreneurs’ relief from capital gains tax.