substantial shareholding exemption

substantial shareholding exemption
(SSE)
An exemption for chargeable gains made by corporate sellers on the sale of shares, provided certain conditions are fulfilled. Broadly, the exemption applies to the disposal of shares in a trading company or holding company of a trading group or sub-group, provided that a holding of not less than 10% of the ordinary share capital has been held throughout a period of not less than 12 months beginning not more than two years before the disposal. The seller must be a sole trading company or member of a trading group throughout the relevant period.
For further information, see the HM Revenue & Customs website.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • Substantial shareholdings exemption — The substantial shareholdings exemption is an exemption from assessment of capital gains under corporation tax applicable to United Kingdom companies. The exemption is found in Schedule 7AC of the Taxation of Chargeable Gains Act 1992.The… …   Wikipedia

  • Participation exemption — is a general term relating to an exemption from taxation for a shareholder in a company on dividends received, and potential capital gains arising on the sale of shares. Background The justification for a participation exemption is to eliminate… …   Wikipedia

  • Schedular system of taxation — The Schedular system of taxation is the system of how the charge to United Kingdom corporation tax is applied. It also applied to United Kingdom income tax before legislation was rewritten by the tax law rewrite project. Similar systems apply in… …   Wikipedia

  • SSE — See substantial shareholding exemption. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

  • India — /in dee euh/, n. 1. Hindi, Bharat. a republic in S Asia: a union comprising 25 states and 7 union territories; formerly a British colony; gained independence Aug. 15, 1947; became a republic within the Commonwealth of Nations Jan. 26, 1950.… …   Universalium

  • Capital gains tax in Australia — Capital Gains Tax (CGT) in Australia applies to the capital gain made on disposal of any asset, except for specific exemptions. The most significant exemption is the family home. Rollover provisions apply to some disposals, one of the most… …   Wikipedia

  • Controlled Foreign Corporation — Taxation An aspect of fiscal policy …   Wikipedia

  • Iskandar Malaysia — Iskandar Malaysia, formerly known as Iskandar Development Region (IDR) and South Johor Economic Region (SJER) is the new main southern development corridor in Johor, Malaysia. The Iskandar Malaysia was established on 30 July 2006. It is named… …   Wikipedia

  • Auckland Airport — Infobox Airport name = Auckland Airport nativename = nativename a = nativename r = image width = caption = IATA = AKL ICAO = NZAA type = Public owner = AIAL operator = Auckland International Airport Limited city served = Auckland location =… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”