The Building Societies (Core Capital Deferred Shares) Regulations, SI 2013/460, provide that where a building society converts existing securities into ‘core capital deferred shares’, those shares will be taxed as shares (and not treated, for example, as loan capital for stamp duty purposes).
The Building Societies (Core Capital Deferred Shares) Regulations, SI 2013/460, provide that where a building society converts existing securities into ‘core capital deferred shares’, those shares will be taxed as shares (and not treated, for example, as loan capital for stamp duty purposes).
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")