Ask an expert: SSE and joint venture company arrangements

Peter Gouw

Peter Gouw answers a query on the substantial shareholdings exemption in a case concerning joint venture arrangements.

Question: I have a company X that is looking to dispose of its shareholding in Z in the near future and I am a little nervous about the application of the substantial shareholdings exemption (SSE). The group structure is as set out in the diagram [to follow].

Answer: The substantial shareholdings exemption (SSE) applies where three main conditions are met which in broad terms are as follows:

1. the vendor has held shares or an interest in shares in the target company by virtue of which it has at least a 10% interest in that company throughout a 12-month period beginning not more...

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Peter Gouw answers a query on the substantial shareholdings exemption in a case concerning joint venture arrangements.

Answer: The substantial shareholdings exemption (SSE) applies where three main conditions are met which in broad terms are as follows:

1. the vendor has held shares or an interest in shares in the target company by virtue of which it has at least a 10% interest in that company throughout a 12-month period beginning not more...

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: