Hi there, I'm getting confused with what shares qualify as business assets for BADR to apply:
The notes say that the disposal of shares in a trading company where the individual has at least 5% holding in the company and is also an employee of the company
Can this be an unquoted company as well as a quoted company?
Also, does a 'personal trading company' mean that they have at least 5% interest in a quoted company?
Ask the Tutor ACCA TX-UK
BADR - Conditions
personal trading company is normally unquoted. The relief normal relates to unqutoed companies.
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