CG67820 - Reliefs: employee-ownership trusts: conditions: the five 'relief requirements'
TCGA92/S236H(4)
This sets out five ‘relief requirements’:
- the ‘trading requirement’, see CG67821,
- the ‘all-employee benefit requirement’, see CG67822,
- the ‘controlling interest requirement’, see CG67823,
- the ‘limited participation requirement’, see CG67824, and
- the ‘related disposal requirement’, see CG67825.
The first to fourth requirements have to be met in all cases where relief is claimed under either TCGA92/S236H or TCGA92/S236Q.
The fifth requirement is not relevant where there has been a deemed disposal under TCGA92/S71.
More detailed guidance about the five requirements is at CG67830 to CG67856.