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Substantial shareholding jun14 part b

Forums › ACCA Forums › ACCA ATX Advanced Taxation Forums › Substantial shareholding jun14 part b

  • This topic has 3 replies, 3 voices, and was last updated 10 years ago by Avatarbrian8820.
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  • December 6, 2015 at 1:57 pm #288197
    Avatarrockerz
    Member
    • Topics: 72
    • Replies: 82
    • ☆☆

    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

    December 6, 2015 at 2:16 pm #288201
    Avatardroidsage
    Member
    • Topics: 0
    • Replies: 3
    • ☆

    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 …

    December 6, 2015 at 2:24 pm #288207
    Avatarrockerz
    Member
    • Topics: 72
    • Replies: 82
    • ☆☆

    Can u see the question jun14 part b

    December 8, 2015 at 6:54 pm #289275
    Avatarbrian8820
    Member
    • Topics: 1
    • Replies: 12
    • ☆

    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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