If shares are sold shortly after a demerger (3 months), a capital reduction demerger, when does the 12 month qualification period start for the employment/officer requirement? Does it carry over from the original company, or start at the creation of the new company?
For background, the original group had a investment property company (mostly rental) which held a trading company. The trading company was then transferred to a trading holding company, the same shareholders owned the same proportion. So it ended up the property in a property holding co and the trading co held in a trading holding co.
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https://www.accountingweb.co.uk/any-answers/s110-demerger-and-entreprene...
This thread from October may assist.
October and January are 3 months apart. Coincidence?
@ OP The individual needs to be an employee of the company that is sold (or its group) for the one year period up to sale.