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To establish whether a company is an individual's personal company for the purposes of qualifying for BADR which was previously known as entrepreneurs' relief prior to April 2020, (see C3.1302A) it is necessary to understand the meaning of trading company, holding company and trading group. Company is defined for purposes as including any body corporate or unincorporated association but does not include a partnership¹. The terms trading company, holding company, and trading group generally have the same meanings for BADR as for the purposes of holdover relief for gifts of business assets² (see C3.502), although when considering the meanings for the purposes of conditions A–D in C3.1302A (ie for disposals of shares or securities by an individual), or for the purposes of a disposal of trust business assets (see C3.1305A), they are modified for disposals on or after 18 March 2015 with regard to the treatment of activities carried on by a joint venture company in which the company invests or activities carried on by the company