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.
