Company: BDRX
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001214659-25-005742
Chunk: 40

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-04-11
Form: 20-F
Item: Item 18
Chunk 40
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 is not a U. K. Holder will not be liable to United Kingdom capital gains tax on capital gains realized
on the disposal of Ordinary Shares or Depositary Shares unless such holder carries on (whether solely or in partnership) a trade, profession
or vocation in the United Kingdom through a branch or agency in the United Kingdom to which the Ordinary Shares or Depositary Shares are
attributable (assuming that the Company is not treated as deriving 75% or more of its gross asset value from interests in United Kingdom
real estate). In these circumstances, such holder may, depending on his or her individual circumstances, be chargeable to United Kingdom
capital gains tax on chargeable gains arising from a disposal of his or her Ordinary Shares or Depositary Shares.

A
corporate holder of Ordinary Shares or Depositary Shares that is not a U. K. Holder will not be liable for United Kingdom corporation tax
on chargeable gains realized on the disposal of Ordinary Shares or Depositary Shares unless it carries on a trade in the United Kingdom
through a permanent establishment to which the Ordinary Shares or Depositary Shares are attributable (assuming that the Company is not
treated as deriving 75% or more of its gross asset value from interests in United Kingdom real estate). In these circumstances, a disposal
(or deemed disposal) of Ordinary Shares or Depositary Shares by such holder may give rise to a chargeable gain or an allowable loss for
the purposes of United Kingdom corporation tax.

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Inheritance Tax

If for the purposes of the Double
Taxation Relief (Taxes on Estates of Deceased Persons and on Gifts) Treaty United States of America Order 1979 (SI 1979/1454) between
the United States and the United Kingdom an individual holder is at the time of their death or a transfer made during their lifetime,
domiciled in the United States (and not treated as domiciled in the United Kingdom) and is not a national of the United Kingdom, any Ordinary
Shares or Depositary Shares beneficially owned by that holder should not generally be subject to United Kingdom inheritance tax, provided
that any applicable United States federal gift or estate tax liability is paid, except where (i) the Ordinary Shares or Depositary
Shares are part of the business property of a United Kingdom permanent establishment or pertains to a United Kingdom fixed base used for
the performance of independent personal services; or (ii) the Ordinary Shares or Depositary Shares are comprised in a settlement
unless