CG17953c - Taper relief: trading company and holding company of a trading group - periods from 17 April 2002: Taper relief does not apply to disposals before 6 April 1998 or after 6 April 2008

Paragraphs 9 and 10 of Schedule 10 to Finance Act 2002 revised the definitions of holding company, trading company and trading group for taper relief purposes for periods of ownership from 17 April 2002 (see CG17953). Guidance on definitions applying only to periods from 17 April 2002 is at CG17953i to l. Further, the qualifications for investment in a joint venture company as they affect the question as to whether a company or group was a trading company or trading group during a period have been relaxed (see CG17952).

CG17953 summarises the different definitions applying both before and from 17 April 2002.

CG17953d to h explain how the various definitions should be applied for periods of ownership before 17 April 2002, even where the disposal takes place on or after that date.

Guidance on interpreting the meaning of trading company and holding company of a trading group applying for all periods from 6 April 1998 can be found at CG17953m to 17953r.