Pete Miller (The Miller Partnership) provides an expert guide.
1 What is the substantial shareholding exemption (SSE)?
The SSE is an exemption designed to make it easier for UK vendors of shares in trading companies to dispose of those shares. The policy is to enhance the value by allowing the vendors to sell shares free of tax. This encourages vendors to sell the shares of for example non-performing or non-core trading companies at a price that is affordable to a purchaser who will invest in that trade to the overall benefit of the UK economy. That said the exemption is not restricted to disposals of shares in UK companies as long as they satisfy the qualifying criteria.
The effects of the SSE as the name implies is that a disposal which qualifies will be completely exempt from corporation...
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Pete Miller (The Miller Partnership) provides an expert guide.
1 What is the substantial shareholding exemption (SSE)?
The SSE is an exemption designed to make it easier for UK vendors of shares in trading companies to dispose of those shares. The policy is to enhance the value by allowing the vendors to sell shares free of tax. This encourages vendors to sell the shares of for example non-performing or non-core trading companies at a price that is affordable to a purchaser who will invest in that trade to the overall benefit of the UK economy. That said the exemption is not restricted to disposals of shares in UK companies as long as they satisfy the qualifying criteria.
The effects of the SSE as the name implies is that a disposal which qualifies will be completely exempt from corporation...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
