31 May 2016 UK issues consultation on substantial shareholdings exemption reform HM Treasury published its much awaited consultation on the potential reform of the substantial shareholdings exemption (SSE) on May 26. In the consultation, the UK Government states that it believes the SSE is generally realizing its original policy objective of ensuring that the tax treatment of share disposal gains does not discourage trading groups from restructuring or making disposals, but recognizes there have been fundamental changes domestically and internationally which raise questions around the relevance of the original policy intention and the impact it is having on the UK's competitiveness as a holding company location. As a result, the Government is considering the possible case for reforming the current SSE regime. Document ID: 2016-0943 |
