Share loss relief is the generic term used to describe the relief contained in ITA 2007, ss 131–151 (Pt 4, Ch 6) which enables an individual to claim relief against income for what would otherwise be a capital loss on the disposal of qualifying shares. Qualifying shares are shares subscribed for in a qualifying trading company or shares on which income tax relief under the enterprise investment scheme (see E3.702). For details of the relief, see E3.701A.
This article discusses the definition of a qualifying trading company where the shares were issued before 6 April 1998. For the definition of a qualifying trading company where the shares were issued on or after 6 April 1998, see E3.704.
Qualifying trading company—conditions (shares issued before 6 April 1998)
In relation to shares issued before 6 April 1998, a company is a qualifying trading company for share loss relief purposes if it meets all of conditions A to C for disposals that take place on or after 24 January 2019, or all of conditions A to D for
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