WebDegrouping charge: Proceeds £375,000 Less: Base cost (£180,000) I.A. (Aug 97-Dec 12) (0.564 * £180,000) (£101,520) Degrouping charge £93,480 This charge is added to the consideration received by Blue Ltd. on the sale of the shares in Rainbow Ltd. WebDegrouping charge £93,480. This charge is added to the consideration received by Blue Ltd. on the sale of the shares in Rainbow Ltd. However, any gain is likely to be exempt …
How does SSE interact with other legislation? - LexisNexis
WebIt should be recognised that the change to the gain/loss realised by QR Ltd will often be irrelevant due to the availability of the substantial shareholding exemption (SSE). Where the SSE is available the whole of the chargeable gain on the sale of MT Ltd, including the element relating to the degrouping charge, will be exempt. WebWhere the degrouping gain relates to shares in a trading company, which satisfies all the other relevant tests for SSE, it will be exempt under those provisions (see ¶110-700 and ¶111-060).. A subsidiary will not be ‘de-grouped’ for capital gains purposes where its holding company is wound up (see also ¶110-000) (TCGA 1992, s. 170(11)).. TCGA 1992, s. … goldstein mitsubishi albany
Corporate tax changes Crowe UK
WebFeb 11, 2014 · Firstly, for SSE to be available on a subsequent sale of NewCo it had to be held for a further 12 months. Secondly, whilst the intragroup transfer would have been tax neutral, degrouping charges would potentially arise to NewCo when it left the group. Legislation introduced in 2011 has alleviated some of these issues: WebThe first main condition for the degrouping charge, TCGA92/S179 (1), is that a company (referred to as `company A’) acquires an asset from another company in the same group … headquarters acc