CG17951 - Taper relief: business asset: voting rights: Taper relief does not apply to disposals before 6 April 1998 or after 6 April 2008

For individuals, trustees and personal representatives, the requirement within TCGA92/SCHA1/PARA6 to be able to exercise 25 per cent, or 5 per cent, of the voting rights does not have to be satisfied by virtue of the particular class of shares disposed of. So for example non-voting preference shares in a company could qualify as a business asset if the holder could exercise at least 25 per cent, or 5 per cent, of the voting rights in that company through other shareholdings.