.png)
.png)
Hidden danger
KEY POINTS
- Investors’ relief applies to gains arising after 5 April 2019 on shares issued on or after 17 March 2016.
- The employment restriction applies to ‘relevant employees’ only.
- There are some exclusions from the term ‘unremunerated’.
- The same shares can be eligible for investors’ relief and entrepreneurs’ relief.
- Low levels of remuneration can have a substantial adverse effect on eligibility to investors’ relief.
In ‘Gains from investment’ (Taxation 8 April 2016 ) I highlighted the key features of the then new investors’ relief introduced by Finance Bill 2016 and which is now in TCGA 1992 s 169VA to s 169VY. Legislative references in this article are to that act unless stated otherwise. Investors’ relief which applies only to gains arising after 5 April...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
