½Û×ÓÊÓƵ

Business investment relief ― qualifying investments

Produced by a Tolley Personal Tax expert
Personal Tax
Guidance

Business investment relief ― qualifying investments

Produced by a Tolley Personal Tax expert
Personal Tax
Guidance
imgtext

Introduction

Individuals who are not domiciled or deemed domiciled in the UK can bring foreign income and capital gains into the UK for the purposes of investment in UK companies without triggering a remittance. This is known as ‘business investment relief’. For more on the remittance basis, see the Remittance basis ― overview guidance note.

To be a qualifying investment, the company must be a private limited company whose shares are not traded on a recognised stock exchange.

The investment must be made within 45 days of the date the funds are brought into the UK.

There are provisions under which the funds will become a chargeable remittance if there is a 'potentially chargeable event', such as the sale of the shares or if the company ceases to trade. If this event occurs, the taxpayer has a grace period (which varies depending on the type of event) to take the funds out of the UK or reinvest them in another qualifying investment to avoid a remittance.

These provisions apply where the funds are brought

Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, and tax research, register for a free trial of Tolley+â„¢
Powered by
  • 11 Mar 2025 04:39

Popular Articles

Spouse exemption from inheritance tax

Spouse exemption from inheritance taxArguably, the most important inheritance tax exemption is the spouse exemption from inheritance tax.There is no IHT to pay on gifts from husband to wife and vice versa, or from one civil partner to the other (referred to collectively in this note as ‘spouses’).

14 Jul 2020 13:56 | Produced by Tolley in association with Emma Haley at Boodle Hatfield LLP Read more Read more

Self assessment ― amendments and corrections

Self assessment ― amendments and correctionsOnce a self assessment tax return has been filed, both HMRC and the taxpayer (or the agent) has the right to make changes to the return. There are different time limits depending on whether it is a correction by HMRC or an amendment made by the

14 Jul 2020 13:37 | Produced by Tolley Read more Read more

UK VAT invoice requirements

UK VAT invoice requirementsThis guidance note provides details of the information that must be shown on a valid tax invoice. Businesses supplying goods and services that are liable to the standard or reduced rate of VAT are required to issue a tax invoice to another VAT registered person.If the

14 Jul 2020 13:46 | Produced by Tolley Read more Read more