Distributions will be exempt if they fall within one or more of the five exempt classes as summarised in D5.152. One of these is where the distribution is in respect of portfolio holdings1.
A distribution falls into this exempt class if the recipient2:
- Ìý
•ÌýÌýÌýÌý holds less than 10% of the issued share capital of the payer
- Ìý
•ÌýÌýÌýÌý is entitled to less than 10% of the profits available for distribution to holders of the issued share capital of the company making the distribution, and
- Ìý
•ÌýÌýÌýÌý would be entitled to less than 10% of the paying company's assets on a winding up available for distribution to holders of the issued share capital of the company making the distribution
Where the payer has issued shares of
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Web page updated on 17 Mar 2025 13:15