Threshold and calculation
Determine whether the target is a PHE and whether the buyer together with associates is or becomes a significant owner. Direct holdings and associated family holdings can be aggregated. Current ACDB combines residential BSD progressive bands with 65% on the relevant underlying residential value, apportioned to the beneficial equity acquired. The 65% component applies from 27 April 2023; older examples use historical rates.
Trust acquisitions
Where beneficial ownership is unidentifiable or has not vested in a non-bare trust, the trustee is deemed the beneficial owner for ACDB. Distributions to beneficiaries who lacked beneficial ownership when the trust was established can themselves be qualifying acquisitions. Examine the trust terms, associates and group chain; neither a trust label nor an indirect holding eliminates the need for ACD analysis.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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