Policy paper

Substantial Shareholding Exemption: institutional investors - updated legislation

This clause extends the Substantial Shareholding Exemption so that companies owned by institutional investors will be exempt from Corporation Tax on disposals of their subsidiary companies without regard to whether the subsidiary is trading or non-trading.

Documents

Details

The government has published updated legislation for Substantial Shareholding Exemption: institutional investors.

Further supporting documents, including tax Information and impact notes can be found on the Spring Budget 2017: tax related documents page.

Any technical queries should be sent to email: corey.herbertson@hmrc.gsi.gov.uk.

Published 13 July 2017