To qualify for Entrepreneurs' Relief, certain assets need to meet specific criteria. These include:
Shares in a trading company: The stock must be in a business where the investor owns at least 5% of the voting and common stock.
Assets used in a business: Equipment, buildings, and other assets that are utilised in the firm may also be eligible for Entrepreneurs' Relief.
Cash in the business: This can be available for Entrepreneurs’ Relief subject to certain conditions.