Hi all
I want to know how much minimum shareholding is required to be the part of company controlling party.
Thanks and Regards
Replies (4)
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Control
As always, a simple question may not have a simple answer.
"Control" has subtly different meanings for different parts of tax legislation. Just a few definitions
ICTA s774(4), ITA 2007 s995 and 1021, CTA2009 s1316,CTA 2010 s1124and1176 SI1987/530 reg2 , IHTA s269 etc.
Broadly voting control or power other than through simple voting control to control Board decisions will give control, but whether associated persons are taken into account will vary depending on which legislation is in point.
If you are asking if a shareholder is to be considered when calculating if that shareholder together with his or her associates has control, there is no minimum.