CG67820 - Reliefs: employee-ownership trusts: conditions: the five 'relief requirements'

Throughout this manual, all legislative references are to (鈥淭CGA92鈥�) unless otherwise stated.

TCGA92/S236H(4)

This sets out eight 鈥榬elief requirements鈥�:

  • the 鈥榯rustee residence requirement鈥�, see CG67826,
  • the 鈥榯rading requirement鈥�, see聽CG67821
  • the 鈥榓ll-employee benefit requirement鈥�, see聽CG67822
  • the 鈥榯rustee independence requirement鈥�, see CG67827,
  • the 鈥榗ontrolling interest requirement鈥�, see聽CG67823
  • the 鈥榗onsideration requirement鈥� see CG67828,
  • the 鈥榣imited participation requirement鈥�, see聽CG67824听补苍诲
  • the 鈥榬elated disposal requirement鈥�, see聽CG67825.

The first to fifth and the seventh requirements have to be met in all cases where relief is claimed under either S236H or S236Q.

The sixth and eighth requirements are not relevant where there has been a deemed disposal under S71.

The 鈥榯rustee residence requirement鈥�, 鈥榯rustee independence requirement鈥� and 鈥榗onsideration requirement鈥� only apply to disposals made on or after 30 October 2024.

More detailed guidance about the other five requirements is at聽颁骋67830听迟辞听CG67856.