Company: NCEL
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026428
Chunk: 378

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: F-4/A
Chunk 378
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 realize a tax -freecapital gain, or a non -taxdeductible capital loss, as the case may be, provided that they hold the NLS common shares or preferred shares, as part of their private assets. Under certain circumstances, the sale proceeds may be requalified into taxable income (e.g., if the taxpayer is deemed to be a professional securities dealer) and will be in such case subject to Swiss federal, cantonal and communal individual income tax. Capital gains realized on the sale of the NLS common shares or preferred shares held by Swiss resident corporate taxpayers as well as non -Swissresident individuals and corporate taxpayers holding the NLS common shares or preferred shares as part of a trade or business carried on in Switzerland will be subject to Swiss federal, cantonal and communal individual or corporate income tax, as the case may be. This also applies to Swiss resident individuals who, 209 for individual income tax purposes, are deemed to be professional securities dealers for reasons of, inter alia, frequent dealing and debt -financedpurchases. Capital gains realized by resident individuals who hold the NLS common shares or preferred shares as business assets might be entitled to reductions or partial taxations similar to those mentioned above for dividends (Teilbesteuerung) if certain conditions are met (e.g., holding period of at least one year and participation of at least 10% of nominal share capital of NLS). Swiss resident corporate taxpayers as well as non -Swissresident corporate taxpayers holding the NLS Common Shares or Preferred Shares as part of a trade or business carried on in Switzerland are required to recognize such capital gain in their income statements for the relevant tax period. Corporate taxpayers may qualify for participation relief on capital gains (Beteiligungsabzug), if the NLS Common Shares or Preferred Shares sold during the tax period represent at least 10% of NLS’s share capital or if the NLS Common Shares or Preferred Shares sold give entitlement to at least 10% of NLS’s profits and reserves and were held for at least one year. The tax relief applies to the difference between the sale proceeds of NLS Common Shares or Preferred Shares by NLS and the acquisition costs of the participation (Gestehungskosten). Individuals and corporations not resident in Switzerland for tax purposes and not holding the NLS Common Shares or Preferred Shares as part of a trade or business carried on in Switzerland are not subject to Swiss federal, cantonal and communal individual income or corporate income tax, as the case may be,