Taxation of Chargeable Gains Act 1992 section 169SA

Meaning of "trading company" and "trading group"

Section 169SA directs readers to Schedule 7ZA for the definitions of "trading company" and "trading group" used in the entrepreneurs' relief rules.

• The definitions of "trading company" and "trading group" are essential for determining eligibility for entrepreneurs' relief (now known as business asset disposal relief).
• The actual definitions are not contained in this section itself but are set out separately in Schedule 7ZA to the Taxation of Chargeable Gains Act 1992.
• These definitions apply throughout the entrepreneurs' relief chapter, ensuring consistency wherever the terms are used.
• This section was introduced by the Finance Act 2016 as part of a restructuring of the entrepreneurs' relief provisions.