Commentary

D6.503 International movement of capital—reportable transactions and events

Corporate tax
Corporate tax | Commentary

D6.503 International movement of capital—reportable transactions and events

Corporate tax | Commentary

D6.503 International movement of capital—reportable transactions and events

The following transactions/events that are of a value (see below) in excess of £100m1 are reportable under the international movement of capital provisions2:

  1.  

    (a)     an issue of shares or debentures by a foreign subsidiary

  2.  

    (b)     a transfer by (or one caused or permitted by) the reporting body of shares or debentures of a foreign subsidiary in which the reporting body has an interest

  3.  

    (c)     a transfer by (or one caused or permitted by) a party to a single nomination arrangement of a foreign subsidiary in which that party has an interest.

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