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5% test not satisfied and the shortfall was not held on trust for taxpayer

By Mark McLaughlin, August 2022

The taxpayer did not hold at least 5% of the ordinary share capital of the company and at least 5% of the voting rights by virtue of that holding, and the shortfall in the required shares was not held on trust for the taxpayer.

Summary

The taxpayer did not hold at least 5% of the ordinary share capital of the company and at least 5% of the voting rights by virtue of that holding, and the shortfall in the required shares was not held on

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