What is an ‘ownership interest’ for Transfers within a Qualifying Group?
- 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 or money when a company makes a profit or gets liquidated.
- But these only count as ownership interests if they’re considered as a type of ownership, like having a share in a company, according to International Financial Reporting Standards (IFRS).
- Also, Islamic financial instruments can count as ownership interests if they’re classified as ownership under IFRS.
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