Taxation of new core tier one regulatory capital instruments
The draft Building Societies (Core Capital Deferred Shares) Regulations 2013 ensure new core tier one regulatory capital instruments developed by building societies will be taxed in the same way as ordinary share capital, in order to meet the requirements of the forthcoming capital resources requirement directive IV.
Taxation of new core tier one regulatory capital instruments
The draft Building Societies (Core Capital Deferred Shares) Regulations 2013 ensure new core tier one regulatory capital instruments developed by building societies will be taxed in the same way as ordinary share capital, in order to meet the requirements of the forthcoming capital resources requirement directive IV.
