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Building society deferred shares: regulations

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SI 2013/460

The Building Societies (Core Capital Deferred Shares) Regulations, SI 2013/460, provide that where a building society converts existing securities into ‘core capital deferred shares’, those shares will be taxed as shares (and not treated, for example, as loan capital for stamp duty purposes).

Issue: 1161
Categories: News , Corporate taxes , Stamp taxes
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