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The New UK International Holding Company

In June 2002 the UK government introduced a capital gains tax exemption for UK companies with substantial shareholdings in another company. The new rules have now been clarified and apply to UK registered companies, foreign registered companies resident in the UK for tax purposes, as well as UK branches of companies registered outside the UK.

The following requirements must be observed:

The Investing company (or Holding company) must hold at least 10% of the ordinary share capital of the Subsidiary company for at least 12 continuous months (the 12 months must not begin more than 2 years prior to the disposal of the shares).

The Investing company (or Holding company) must be a trading company by itself or a holding company of a trading group during the 12 months period mentioned above.

The Subsidiary company must be either a trading company by itself or the Holding company of a trading group for the whole of the 12 month period.

Trading activities mean activities in a trade, profession, or vocation carried on, on a commercial basis with a view of generating profits.

Similar provisions apply for group companies.

The UK Holding company can be a standard UK company and therefore should be no more expensive to incorporate. These developments therefore make the UK Holding company one of the most cost effective and efficient Holding company solutions in the world.


More information can be found by visiting our website at www.ibcf.com, or by emailing us at clientsupport@ibcf.com.

Previous issues of the IBCF Newsletter can be found at: http://www.ibcf.com/news/newshome.php


About IBCF:
International Business Company Formation, Inc. assists legal professionals with company formation, both internationally and offshore, and with registered agent and corporate document retrieval services throughout the world.

International Business Company Formation is an affiliate of National Registered Agents, Inc., a fully licensed professional Registered Agent for thousands of business entities, large and small, throughout the entire United States.


International Business Company Formation, Inc. is located in the historic district of Tappan, New York, approximately thirty minutes from midtown Manhattan.


International Business Company Formation, Inc.
101 Main Street, Suite One
Tappan, New York 10983
Toll Free: 888-664-6263
Phone: 845-398-0900
Fax: 845-398-0808
www.ibcf.com

 

 


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