Investors relief Flashcards
1
Q
What are the conditions for investors relief
A
Shares must have been issued after the 17th March 2016
Shaes must be new ordinary shares subscriber for cash
The company must be an unquote trading company (at the date of issuing shares)
Not a releveant employee. (can become an unremunerated director or an employee 180 days after shares issue as long as no reasonable prospect at the time)
3 year holding period.
