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1.How are we supposed to know that we should ER reliefs?
2. In a question if a person becomes employee on 1feb 2014 and purchases shareholdings also on that date, makes disposal on 04 march 2015..
My question to u is this does qualify for ER nah, coz from 1st feb to 12 months after its 1st jan 2015 so prior to disposal he owns them for 12 months crrt??
does it qualify or not?1. You learn the qualifying conditions for ER as per page 89, section 1.2 of the OT course notes.
2.If a person becomes an employee of a qualifying trading company and acquires a minimum 5% shareholding on 1 Feb 2014 and then sells the shares on 4 March 2015, then he will have satisfied the 12 month qualifying period and therefore ER will be available.
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