Commentary

D7.319 Definition of change of ownership

Corporate tax
Corporate tax | Commentary

D7.319 Definition of change of ownership

Corporate tax | Commentary

Change of ownership of company with investment business

D7.319 Definition of change of ownership

There is a change in the ownership of a company if1:

  1.  

    (a)     one person acquires more than half of its ordinary share capital; or

  2.  

    (b)     two or more persons acquire more than half of the ordinary share capital and each of them acquires at least 5%; or

  3.  

    (c)     two or more persons acquire more than half of the ordinary share capital and each of them holds at least 5%, including existing holdings.

For more details see D1.1125.

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