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Arrangement To Confer Share Voting Rights Not Sufficient To Satisfy ‘Personal Company’ Definition

By Mark McLaughlin, December 2018

The appellant’s entrepreneurs’ relief (ER) claim on a share disposal failed, as the voting shares requirement in the ‘personal company’ definition was not met, despite his argument that the shares should be treated as having satisfied that requirement under an ‘equitable maxim’.  

Background

The appellant joined a

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