Example 1—simple apportionment
The issued share capital of X Ltd, a company incorporated and resident outside the UK, comprises 1,000 ordinary £1 shares, held as follows:
750 by A
200 by B
50 by C.
X Ltd sells premises in London, valued at £100,000, to A for £50,000 on 1 July 2018. At that time, they have all made cumulative gross chargeable transfers
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 16:37