VCM45450 - VC loss relief: general: qualifying trading company: relevant period

ICTA88/S576 (4) - (5)

For shares issued before 6 April 1998 the relevant period is the period:

• beginning with the incorporation of the company, or twelve months before the date on which the shares were subscribed for by the individual, whichever is the later; and
• ending on the date of the disposal of the shares which are the subject of the claim.

For shares issued on or after 6 April 1998 the relevant period is the period:

• beginning with the incorporation of the company, or twelve months before the date on which the shares were issued to the individual, whichever is the later; and
• ending on the date of the disposal of the shares which are the subject of the claim.