Critical aspects of business restructuring relief – News – Khaleej Times

Both parties must be taxable; or become taxable as a result of the transfer

In our previous article, we discussed the optional nature of business restructuring relief (BRR) and divided our analysis into three main stages: pre-transfer, transfer, and post-transfer. We explored the eligibility criteria in the pre-transfer phase, essential considerations during the transfer phase, and the circumstances triggering the clawback of BRR in the post-transfer phase. Our previous discussion provided an overview of these requirements, while the current article focuses on a detailed analysis of key areas.

The BRR requires that both the t…

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