The Substantial Shareholding Exemption allows a company to dispose of shares without corporation tax consequences where certain conditions are met.
This can be a highly valuable benefit for companies looking to partner one or more assets, while retaining others. Any gain on disposal is exempt and any loss is not deductible. This Guidance Note provides an overview of the detailed rules together with a practical insight into their application.
This content is restricted to members. To view this content please register or login below to view this content.