Consultation on the reform of the substantial shareholdings exemption

The UK’s substantial shareholdings exemption (SSE) applies, in certain circumstances, to exempt gains arising on the disposal of shares by corporate shareholders. SSE plays an important role in making the UK an attractive place to do business but the government acknowledges that the complexities of the current regime may be impacting the UK’s competitiveness and is therefore consulting on potential reform of the regime. Taxpayers are encouraged to respond with real-life examples illustrating any issues experienced with the current regime and comments.