Entrepreneurs relief

[Anonymous1]

- company A which is trading is owned by 2 directors, 50% each
- they plan to sell company A to company B and claim entrepreneurs relief
- there is a call option contract in place whereby the directors of company A can buy company B
- can the directors still claim entrepreneurs relief on the sale if, after a period of 2-3 months, they ultimately end up indirectly controlling company A again through their ownership of company B?

[pawncob]

No.

[AdamS93]

You may want to get up to speed on the rules around transactions in securities.

Buy the sounds of it this will be caught, and if so, you will be looking at income tax and not capital gains tax.