What criteria will be used to establish the minimum needed ownership interest?
If a Taxable Person has either: a 5% or more ownership interest in the Participation; or an acquisition cost of its ownership interest in the Participation that is at least AED 4 million, then it satisfies the minimum ownership criteria of the Participation Exemption in regard to the Participation.
Different forms of ownership interests (such as common shares, preferred shares, options, etc.) held by the Taxable Persons should be combined when calculating the ownership interest.
The Taxable Person’s ownership in the Participation may also include ownership interests in the Participation owned by members of a Qualifying Group to whom the Taxable Person belongs.
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