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HMRC internal manual

Venture Capital Schemes Manual

CVS: investors and reliefs: shares to be a chargeable asset


A company is not a qualifying investing company if the shares issued to it are not a chargeable asset immediately after their issue. This excludes cases where, for any reason, any gain accruing on the disposal of the shares would not be a chargeable gain. Where such a gain does arise, however, the company can defer its assessment by reinvesting it under the CVS (see VCM93010).