Commentary

D7.543 Equities—disposals of substantial shareholdings

Corporate tax
Corporate tax | Commentary

D7.543 Equities—disposals of substantial shareholdings

Corporate tax | Commentary

D7.543 Equities—disposals of substantial shareholdings

The rules in this division apply for accounting periods beginning before 1 January 2013. For accounting periods beginning on or after 1 January 2013 see Division D7.4.

The substantial shareholdings exemption is discussed in Division D1.10, the variations applying to life insurance companies being considered in more detail in D1.1010. The exemption does not apply to a deemed disposal under ICTA 1988, s 440(1), (2)1.

The only further point to note are that while the definition of a substantial shareholding is increased to 30% in the cases of equities held in the company's long-term insurance fund,

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