VCM74310 - Share loss relief: individual and corporate claimants: individual claimants: type of company invested in: qualifying trading company: the role of the concept
In the context of individual claimants, there are two broad classes of company whose shares may qualify for Share Loss Relief on disposal. »Ê¹ÚÌåÓýapp first is companies which are qualifying companies under the Enterprise Investment Scheme rules in ITA07/PT5 (or previously under ICTA88/CHP7/PT3). This part of the guidance does not explain the requirements of this class further: for details see the EIS guidance at VCM10000+.
»Ê¹ÚÌåÓýapp second class consists of companies which are ‘qualifying trading companiesâ€�. This part of the guidance gives details of the meaning of this term and how that meaning has changed over time. SEIS companies (see VCM30000+) are not automatically ‘qualifying trading companiesâ€�, though they may qualify as such if the conditions are satisfied.