https://www.taxtmi.com/manuals?id=2534 Any capital gain on transfer of SPV shares to a business trust in exchange for units is exempt at transfer, with taxation deferred until the shareholder disposes the units; the units inherit the cost of acquisition and holding period of the shares. Ordinary unit holders benefit from STT linked long term exemption, while shareholders who received units in exchange for SPV shares are taxable on subsequent gains, with indexation available and differing short term tax treatment. en-us Tue, 28 Mar 2023 16:07:00 +0530 Fri, 04 Apr 2025 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2534 Any capital gain on transfer of SPV shares to a business trust in exchange for units is exempt at transfer, with taxation deferred until the shareholder disposes the units; the units inherit the cost of acquisition and holding period of the shares. Ordinary unit holders benefit from STT linked long term exemption, while shareholders who received units in exchange for SPV shares are taxable on subsequent gains, with indexation available and differing short term tax treatment. Manuals Income Tax Tue, 28 Mar 2023 16:07:00 +0530 https://www.taxtmi.com/manuals?id=2534