Taxation of Chargeable Gains Act 1992 Schedule 5BA paragraph 4

Periods that do not count

Schedule 5BA paragraph 4 identifies periods of share ownership that are excluded when determining whether the qualifying holding period conditions for entrepreneurs' relief have been met.

• Certain periods during which shares are held do not count towards the qualifying ownership period required for entrepreneurs' relief purposes.
• The provision ensures that only genuine periods of qualifying ownership are taken into account when testing whether the minimum holding period has been satisfied.
• This prevents taxpayers from including periods where the underlying conditions for relief were not actually met, even though the shares were technically held throughout.
• The rule was introduced by Finance Act 2008, Schedule 2, paragraph 49, as part of the broader entrepreneurs' relief legislation.