Substantial Shareholdings Exemption - Live with Pete Miller
The substantial shareholdings exemption was introduced in 2002. The rules effectively allow trading companies and groups to sell shareholdings in other trading companies and groups without suffering a charge to corporation tax on chargeable gains. The legislation is complex and detailed, and this half-day live broadcast session will take you through the rules, from the basics to more advanced areas, and give both technical insights and practical advice on their application of the rules for your corporate clients. The session has been fully updated for the changes in Finance No. 2 Act 2017.
What You Will Learn
This live and interactive session will cover the following:
- What is the SSE and why was it introduced?
- What are the three exemptions?
- Overview of the 2017 changes
- The requirements
- Substantial shareholding
- Investing company
- Investee company
- Groups and joint ventures
- Meaning of group
- What is a trading group?
- Special rules for joint ventures
- Trading and non-trading activities
- The rules
- HMRC’s interpretation
- Non-trading activities
- Cash and other investments
- Subsidiary exemptions
- Assets related to shares
- Historical holdings
- Companies with qualifying institutional investors
Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.