Section A: Objective Test

To qualify for Business Asset Disposal Relief (BADR) on the disposal of shares in a personal company, an individual must meet certain conditions. For how long must these conditions be met immediately prior to the date of disposal?

To qualify for Business Asset Disposal Relief (BADR) on the disposal of shares, the company must be the individual's personal company (holding at least 5% of ordinary share capital and voting rights), it must be a trading company, and the individual must be an officer or employee. These conditions must be met for a continuous period of 2 years immediately prior to the disposal.