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clock Created with Sketch. 23/01/23
19:22
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Originally posted by ipsofactoid:
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The wording of their statement appears to be correct but it avoids a bigger question and therefore needs to be elaborated upon. It is true that loss of Pooled Development Status doesn't affect the various products issued by GDG and its subsidiaries, but none of these products ever had PDF status to begin with...it was only the holding company (GDG) itself that ever had that status.
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if the PDF status was removed, it would only affect the shareholder from that point forward ie the cost base for future capital gains tax would the point when the PFF status was lost. Gains to that point would still benefit from being tax exempt.
(20min delay)