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Substantial shareholding exemption denied (M Group Holdings Ltd v HMRC)

Substantial shareholding exemption denied (M Group Holdings Ltd v HMRC)
Published on: 19 April 2021
Published by: LexisPSL
  • Substantial shareholding exemption denied (M Group Holdings Ltd v HMRC)
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Article summary

Tax analysis: In M Group Holdings Ltd v HMRC the First-tier Tax Tribunal (FTT) held that a company which disposed of the shares in a new subsidiary following the hive-down of its trade and assets was not entitled to the substantial shareholdings exemption (SSE). or take a trial to read the full analysis.

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