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.
OR 7
