Commentary

271.2 Use of the substantial shareholding exemption

COMPANIES vol 11 acquisitions, mergers, demergers
| Commentary

271.2 Use of the substantial shareholding exemption

| Commentary

271.2 Use of the substantial shareholding exemption

It will not be possible to postpone the gain in the case of a transfer of shares under Section 139 of the Taxation of Chargeable Gains Act 1992 as that Section refers specifically to the ‘transfer of the whole or part of a company’s business to another company’. The transferring company will usually be able to take advantage of another exemption, that relating to substantial shareholdings. The exemption applies to disposals by trading companies (or members of trading groups) of all or part of a substantial shareholding in another trading company (or the

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