VCM73020 | Share loss relief: individual and corporate claimants: conditions the claimant must meet

If the claimant is an individual there are no special conditions he or she must meet in his or her own right, though there is of course a requirement to make a claim to Share Loss Relief under the appropriate claims procedure.

If the claimant is a company, there are a number of ‘eligibility conditions’ at CTA10/S69.

• It must be an investment company at the date of disposal of the shares

• It must have been an investment company throughout a specified earlier period

• It must not have been associated with, or a member of the same group as, the qualifying trading company which issued the shares during the period it held the shares.

For details of these eligibility conditions, see VCM77030.