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    <description>Query whether share premium credited on issue of shares will be taxable on merger when the parent holds the majority stake; respondent asks for factual clarification on the nature and origin of the premium and indicates that premium received on issue of shares is unlikely to be taxable, requesting further details to determine tax characterisation in the merger context.</description>
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      <description>Query whether share premium credited on issue of shares will be taxable on merger when the parent holds the majority stake; respondent asks for factual clarification on the nature and origin of the premium and indicates that premium received on issue of shares is unlikely to be taxable, requesting further details to determine tax characterisation in the merger context.</description>
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