Mechanism
Section 104 allows the transfer of assets to a new legal entity (company) without a tax event, provided that the transferor receives only shares.
Conditions
- Accepting shares only (not cash)
- Continued possession of assets through the company
- Approval of the Director of the Tax Authority
- Maintaining the original tax base
Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.