Member Since: 26th Aug 2009
28th Jul 2014
Lol Steve, many thanks for this. Yes unfortunately it was rented to a third party so no associated disposal possible here.
23rd Jul 2014
Sorry, the shop is owned personally.
25th Jun 2014
Thanks for your comments all, so to clarify if in the 'middle three year period' to which I refer only qualifies as an exemption if the client did not have another PPR during this period?
14th Apr 2014
Sorry didn't explain myself very well - I am aware of the restrictions on the SEIS relief - but wasn't sure if for any reason there would be any issues for a VCT company investing in a company in which an individual has previously invested in and received EIS relief. I assume not?
7th May 2013
Yes the restaurant closed then a month or two later the new restaurant was purchased, so I am guessing that this i treated as a cessatio of trade and therefore the losses cannot be carried forward??
7th Jan 2013
21st Sep 2012
because they havent been held for twelve months? Although thinking about it, I think you've answered my question.. he has held over 5% of shares for longer than 12 months, so all shares will qualify. Doh!
30th Jul 2012
Thanks, so the whole 50% will qualify for entrepreneurs relief on the basis that his 5% shareholding qualifies, even though he may only hold the 45% for a day?
27th Jul 2012
Thanks for the replay, the trade will not be transferred. It is more an attempt to protect the assets by transferring them to its holding company.
Would really appreciate it if you could refer me to where abouts these rules are in the legislation?