Company: BDRX
Filing Date: 2025-05-08
Form Type: POS AM
Source: 0001214659-25-007201
Chunk: 93

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-05-08
Form: POS AM
Chunk 93
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 allowable loss for the purpose of United Kingdom capital gains tax. The principal factors that
will determine the capital gains tax position on a disposal of Ordinary Shares or Depositary Shares are the extent to which the holder
realizes any other capital gains in the tax year in which the disposal is made, the extent to which the holder has incurred capital losses
in that or any earlier tax year and the level at which the annual exempt amount for United Kingdom capital gains tax (the “annual
exempt amount”) is set by the United Kingdom government for that tax year. The annual exempt amount for each of the 2024/2025 and
2025/2026 tax years is £3,000. If, after all allowable deductions, an individual U.K. Holder’s total taxable income for the
relevant tax year exceeds the basic rate income tax band, any taxable capital gain accruing on a disposal of an Ordinary Share or a Depositary
Shares on or after October 30, 2024 is taxed at the rate of 24%. Where a U.K. Holder’s total taxable income is within or less than
the basic rate income tax band, any taxable capital gain accruing on a disposal of our Ordinary Shares or Depositary Shares on or after
October 30, 2024 may be taxed at the rate of 18% or the rate of 24% or at a combination of both rates.

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An individual U.K. Holder who ceases to
be resident in the United Kingdom (or who fails to be regarded as resident in a territory outside the United Kingdom for the purposes
of double taxation relief) for a period of less than five calendar years and who disposes of Ordinary Shares or Depositary Shares during
that period of temporary non-United Kingdom residence may be liable to United Kingdom capital gains tax on a chargeable gain accruing
on such disposal on his or her return to the United Kingdom (or upon ceasing to be regarded as resident outside the United Kingdom for
the purposes of double taxation relief) (subject to available exemptions or reliefs).

A disposal (or deemed disposal) of Ordinary
Shares or Depositary Shares by a corporate U.K. Holder may give rise to a chargeable gain or an allowable loss for such holder for the
purpose of United Kingdom corporation tax.

Any gain or loss in respect of currency
fluctuations over the period of holding Ordinary Shares or Depositary Shares is also brought into account on a disposal.

Non-U.K. Holders. An