CG17953q - Taper relief: trading company and holding company of a trading group - investments in shares under the Corporate Venturing Scheme (CVS): Taper relief does not apply to disposals before 6 April 1998 or after 6 April 2008

Investments in shares made under the CVS are investments like any others and the holding of such shares is unlikely to count as a trading activity in its own right. However, the CVS works in such a way that a company that qualifies for CVS investment relief is unlikely to have more than the 20% non-trading activity that would stop it being a trading company for taper relief and SSE purposes.

Detailed guidance on the CVS is at VCM50010 onwards.