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BADR – Conditions

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › BADR – Conditions

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by JillyB.
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  • December 15, 2022 at 9:43 am #674654
    TMaC123
    Participant
    • Topics: 20
    • Replies: 24
    • ☆

    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?

    December 17, 2022 at 2:53 pm #674806
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    personal trading company is normally unquoted. The relief normal relates to unqutoed companies.

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