Capital Gains Tax and Entrepreneurs' Relief: joint ventures and partnerships
This Tax Information and Impact Note will deny Entrepreneurs Relief (ER) on disposals of shares in a company that is not a trading company in its own right.
▤ Verbatim text from source document
This measure will deny ER on a disposal of shares in a company that does not have a significant trade of its own. It will affect disposals on and after 18 March 2015.