CVS: deferral relief: what is a chargeable event?
A chargeable event occurs in relation to any of the qualifying shares if:
- the investing company (or its nominee) disposes (see VCM93010) of them,
- or if anything else occurs which causes any of the investment relief attributable to them to be withdrawn.
Where the qualifying investment was made before the accrual time, nothing happening before that time which causes the investment relief attributable to the shares comprised in it to be reduced will cause a chargeable event to occur in relation to those shares.