C3.1324 Investors' relief—calculating and claiming the relief
Subject to the £10m lifetime limit and a claim being made, where all of the shares in the holding disposed of are qualifying shares and, in the case of a disposal by trustees, where they meet the criteria in C3.1322, the gain on the disposal, after deduction of any allowable capital losses, is taxable at 10%1.
The claim must be made on or before the first anniversary of the 31 January following the tax year in which the disposal is made. In the case of a disposal by trustees, the claim must be made jointly by the trustees and the eligible beneficiary or beneficiaries2. Where a notice to file a return has been issued, then the claim should be made in the self assessment return of the individual, or of the trustees in the
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial