CG17899 - Taper relief: office responsible: Taper relief does not apply to disposals before 6 April 1998 or after 6 April 2008

The office dealing with the tax return of the person making the disposal eligible for taper relief is responsible for working out the correct amount of relief due but may need to consult other offices in order to do this.

• 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 CG17953. The office that deals with the tax return of the company concerned is responsible for deciding whether the company is a trading company or the holding company of a trading group.
• Where the question is whether a person has a material interest, see CG17954a, in a company, the office that deals with the tax return of the company is responsible for deciding this question.
• An individual may dispose of an asset other than shares, see CG17936, where business assets status depends on the asset being used for the purposes of a trade carried by a company which is a qualifying company by reference to that person. Where the question is whether the company concerned is a trading company or the holding company of a trading group this should be addressed by the office that deals with the tax return of the company. That office may also be able to advise whether the asset was used for the purposes of the company's trade.