Gift Relief

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May 12, 2019 at 1:48 pm #515696
xanderengst
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Are the requirements for Gift Relief the same as Entrepreneur Relief in re: qualifying for an individual’s personal company.

1. > 5% of shares
2. Employee for last 12 months

Or is it just the > 5% share ownership? The notes on Gift Relief don’t mention anything about having to be an employee.
May 13, 2019 at 2:46 am #515722
Tax Tutor
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There is no requirement to be an employee – the conditions that need to satisfied for each of the reliefs are listed in the notes.
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