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Reforms to bring it into line with other EU countries.
The Treasury has launched a consultation on the substantial shareholdings exemption (SSE).
It sets out options for possible reform of the relief. These range from technical changes to the legislation to a more comprehensive exemption for gains on substantial share disposals that corresponds with participation exemption regimes in some other EU countries.
The consultation considers the impact of these reforms. It also considers the potential risks associated with reform and how these could be protected against adequately.
Comments should be emailed here 18 August.
