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Hi, have a client, wife has 50% shareholding in a family business, she is 55, she is employed by the company for last 6 years, she has owned the shares for the last 10 years, husband does not own any shares in the company but has been a full time working director for 20 years. Husband has already used his full retirement relief threshold. Can the wife qualify for retirement relief, or would she need to be designated director in the company for the next 10 years before selling? No children, share sale looking like it will be made to external third party. Thanks.

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Asked on 31 January 2019 8:37 pm