CG17934 - Taper relief: business asset: personal representatives

Where the disposal of shares is made by an individual's personal representatives, the shares will be a business asset if:

• the relevant company was a trading company or the holding company of a trading group, see CG17953;

and :

• for periods before 6 April 2000, the personal representatives could exercise at least 25 per cent of the voting rights in that company, see CG17951,
• for periods from 6 April 2000, either the company was unlisted, or the personal representatives could exercise at least 5 per cent of the voting rights in that company.