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HMRC internal manual

Venture Capital Schemes Manual

From
HM Revenue & Customs
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Share Loss Relief: individual and corporate claimants: individual claimants: a simple case without complications

This part of the guidance explains a practical approach to considering a claim to Share Loss Relief in cases where the shares disposed of were acquired at the same time and on the same terms, and there are no complicating factors present, such as

  • mixed holdings of shares
  • transfers of shares between spouses or civil partners
  • reorganisations of share capital
  • bonus issues
  • share-for-share exchanges
  • mergers, demergers or divisions of the company issuing the shares.

The guidance takes the form of a number of questions which should be addressed, an explanation of their significance and the implications of the answers.

Has there been a disposal? See VCM75240   
     
Is it the right sort of disposal? See VCM75250   
Was enterprise investment relief attributable to the shares? See VCM75260   
Are other criteria for qualifying shares met? See VCM75270   
Is the claim valid? See VCM75280