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HMRC internal manual

Capital Gains Manual

Investors' Relief: Receiving benefits from a company



The provision of a benefit or facility is treated as a receipt of value by the investor unless a cash payment equivalent to the value of the benefit would have been a qualifying payment, (see Paragraph 2(4) of Schedule 7ZB). Qualifying payments include reasonable remuneration to employees so if the investor is an employee and receives benefits from the company he will not be treated as receiving value provided that the benefits are part of a reasonable remuneration package. If the benefits are not reasonable by reference to the duties of the employment there will be a receipt of value and the shares will not be eligible for relief. See CG63640.

See CG63500 for a general description of the relief and the layout of the guidance.