Page 7 - P6 Slide Taxation - Lecture Day 6 - Groups, Interest And Practice Questions
P. 7

A qualifying interest









          • A qualifying interest can be illustrated as



               follows:

                                                                                                            A person

                          A person




                                                                                                                     any % of equity
                                     10% or more of                        OR                                        shares

                                     equity shares


                                                                                               Resident company
                 Resident company

                 (unlisted)                                                                    (listed)



               NB! The person need not sell the assets in exchange for a qualifying interest –
               for example, if the person already has a qualifying interest in the company, the

               assets can be sold for any number of equity shares in that company.


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