Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
, see all updates

Entrepreneurs’ Relief: office responsible

The office dealing with the tax affairs of a person claiming Entrepreneurs’ Relief may need to consult other offices in the following circumstances -

  • Where there is a disposal of shares it may be necessary to consider if the company in which the shares were held was a trading company or the holding company of a trading group - see CG64060+. The office that deals with the tax return of the company concerned is responsible for confirming whether the company is a trading company or the holding company of a trading group. A CTCG Specialist in Local Compliance (Large and Complex) or the Large Business Service CTCG Specialist should be consulted in cases of uncertainty.
  • Where the question is whether a person has the requisite interest in the ordinary share capital and voting rights of a company to make it their ‘personal company’, see CG64050, the office that deals with the tax return of the company is similarly responsible for answering this question.
  • Trustees may dispose of an asset other than shares, where qualifying status depends on the asset being used for the purposes of a trade carried by a qualifying beneficiary. That question should be addressed by the office that deals with the tax return of the business carried on by the qualifying beneficiary.
  • Relief due on a disposal by trustees will count towards a qualifying beneficiary’s lifetime limit. The office dealing with the individual is responsible for confirming the amount of relief available within the lifetime limit.