Pls some explain in simple words substantial shareholding and when i solvd this opus ltd question i dont understand in part b initialy he is gettn exemption then later on he is not ? Whyy
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ATXSubstantial shareholding jun14 part b
substantial share holding exemption is when u sell the company in which u own atleast 10% of the share holding .. and thus the gain is exempt from CGT point of view ...
Can u see the question jun14 part b
Hi, yes he would have held 10% for 12 months in the previous 2 years. If he delays he would not hold10 % for 12months in the previous 2 years
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