This relief was introduced to provide tax relief to people who are NOT employees of companies and cannot access the tax relief benefits of BUSINESS ASSET DISPOSAL RELIEF.
The conditions for the relief apply to;
- UNQUOTED shares in a trading company. AIM-listed shares are deemed UNQUOTED.
- that have been SUBSCRIBED for after 17 March 2016
- that have been held for a MINIMUM OWNERSHIP period of 3 YEARS
- and the tax-payer is NOT an EMPLOYEE of the company.
If these conditions apply, CAPITAL GAINS are taxed at 10%.
There is a lifetime limit of £10 MILLION for INVESTORS’ RELIEF.