RDRM34350 | Remittance Basis: Exemptions: Business investment relief: Condition A - eligible stakeholder company (s809VD(3) ITA2007)

Prior to 6 April 2017 an eligible stakeholder company was a private limited company which;

• exists wholly for the purpose of making investments in eligible trading companies [see RDRM34345] ignoring minor or incidental purposes and

• must have held at least one investment in an eligible trading company or be preparing to do so within two years of the relevant event [see RDRM34320].

After 6 April 2017 an eligible stakeholder company must actually hold at least one investment in an eligible trading company, or be preparing to do so within 5 years of the relevant event. To take advantage of the 5 year extension the investment must be made no earlier than 6 April 2017. The first bullet point conditions (above) remain unchanged.