Entrepreneurs' relief: officers and employees

Employment” has the meaning given by ITEPA 2003 s 4 and “office” has the meaning given by ITEPA 2003 s 5(3); TCGA 1992 s 169S(5). There are no restrictions on the number of working hours of officers or employees; see HMRC Capital Gains Manual CG64110. For a case where the First-tier Tribunal accepted that a director's wife qualified as an employee, even though she had been removed from the company's payroll, see Mrs S Corbett v HMRC, [2014] UKFTT 298 (TC), TC03435