PwC

Tax & Legal

Tax & Legal

Tax exemption on gains from share disposals available to financial undertakings resident in third countries


Gains realised by financial undertakings resident in third countries on the disposal of shares are fully exempt from corporation tax. In these proceedings,the Hessian Tax Court considered whether the exclusion from the benefit of the participation exemption under Section 8b (7) of the Corporation Tax Act also applied to credit institutions and financial services institutions not resident in the EU/EEA. Continue reading