| Exemption of gains or profits from disposal of ordinary shares |
| Exemption of gains or profits from disposal of ordinary shares |
13Z.—(1) There shall be exempt from tax any gains or profits derived by a company (referred to in this section as the divesting company) from the disposal of ordinary shares in another company (referred to in this section as the investee company) which are legally and beneficially owned by the divesting company immediately before the disposal, being a disposal —
|