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Where Taxpayers and Advisers Meet

Substantial Shareholding Exemption

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Jel117
Posts:60
Joined:Wed Aug 06, 2008 3:44 pm

Postby Jel117 » Fri Oct 03, 2008 9:48 am

Does the above apply if either of the 2 companies invovled is a non-UK resident company?!
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JSK TAXATION
Posts:200
Joined:Wed Aug 06, 2008 2:18 pm

Postby JSK TAXATION » Fri Oct 03, 2008 10:25 am

Jel117,

The holding company (i.e. the one claiming the exemption) must be UK resident, but the subsidiary need not.

Kind regards,

John S King
Chartered Tax Adviser
www.taxation-advice.com
John S King
Chartered Tax Adviser
e: help@taxation-advice.com
w: http://www.taxation-advice.com
01732 897850
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