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Home / Simons-Taxes /Capital gains tax /Part C2 Computation of chargeable gains /Division C2.1 Disposal consideration /How is market value calculated? / C2.121 Market value—interaction with inheritance tax

C2.121 Market value—interaction with inheritance tax

Capital gains tax

A disposal for capital gains tax may also be a transfer of value for inheritance tax; a gift during the lifetime of the grantor is a common example. However, the value of the transfer for inheritance tax purposes is not taken as the value for capital gains tax, see the example below.

Example

X owned 60% of the issued share capital of FGH Ltd. X gifted half of this shareholding

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E5.607 Corporate members

E5.406A Employees of European Union institutions—tax exemptions

B6.749 ATED—property developers

I9.421 Situs of simple contract debts for IHT

B3.340A Hire purchase of plant and machinery and similar contracts

B4.130 Summary of OECD guidelines on arm's length principle

C3.1814A CGT exempt assets—qualifying corporate bonds (QCB)

E6.303A Domicile of origin

D7.1140 Methods of leaving the REIT regime

D2.250 Group relief—limited rights, variable rights and options attaching to ordinary shares

C2.902 Wasting assets—wasting of allowable expenditure

B2.315 The concept of wholly and exclusively

C3.304 Rollover relief—expenditure on replacement assets qualifying for relief

E4.1146 The PAYE cumulative basis—overview

B8.210 Restrictions on sideways loss relief

B5.101 What is 'farming' and 'market gardening'

I5.1212 Protector of a foreign trust

C2.1016 Option to subscribe for shares in a company (share warrants)

E3.192 CGT loss relief on disposal of EIS shares

D4.412 CFCs—excluded territories exemption