Can Business Restructuring Relief apply if the shares go to someone else? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Yes, as long as the new owner directly or indirectly owns at least 50% of the transferring company. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY … Read more
How should the receiving company account for assets and liabilities received? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course They should use the same book value as the transferring company. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master UAE Corporate Tax: Explore our course! Visit … Read more
Can Tax Losses be transferred through Business Restructuring Relief? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Yes, unused tax losses from the transferring company can become available for the receiving company if it continues a similar business. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY … Read more
What happens if the business transferred or the received shares are sold within two years? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Selling within two years can lead to a clawback of the relief initially claimed. The tax liability would be based on the business’s market value at the … Read more
Can natural persons benefit from Business Restructuring Relief? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Yes, if a person wants to turn their personal business into a company, they can use this relief, provided all conditions are met. Contact us for UAE Corporate Tax Advise CONTACT US FOR … Read more
Can Business Restructuring Relief apply when a company acquires a business and pays with shares and other forms of consideration such as cash? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Yes, it can, as long as the cash or other payment doesn’t exceed certain limits based on the … Read more
What is Business Restructuring Relief? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course It allows mergers and other corporate restructuring without triggering taxes. It’s optional, and the transferring company must choose it in their tax return. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master UAE … Read more
Is there tax relief for business restructuring like mergers or spin-offs? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Yes, certain business restructuring transactions can happen without causing a tax gain or loss. This is called Business Restructuring Relief. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX … Read more
What’s the difference between a ‘Qualifying Group’ and a ‘Tax Group’? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course A Qualifying Group is a bunch of companies or entities that might choose to move stuff like assets and debts between them without having to pay more taxes or lose money … Read more
What is an ‘ownership interest’ for Transfers within a Qualifying Group? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course An ownership interest includes things like regular shares, special shares, shares that can be redeemed, memberships or partnership interests, and other types of financial rights that let the owner get profits … Read more