½Û×ÓÊÓƵ

Home / Simons-Taxes /IHT, trusts and estates /Part I11 Administration and collection /Division I11.4 Payment of IHT /The IHT instalment option / I11.422 IHT instalment option—controlling shares
Commentary

I11.422 IHT instalment option—controlling shares


IHT, trusts and estates

The instalment option is available for IHT attributable to the value of shares or securities in a company which immediately before the chargeable transfer gave control of the company to:

  1. Ìý

    •ÌýÌýÌýÌý the deceased, in the case of a transfer on death

  2. Ìý

    •ÌýÌýÌýÌý to the trustees in the case of a transfer involving settled property under IHTA 1984, ss 58–85 (Pt III, Ch III) (settlements without interests in possession)

  3. Ìý

    •ÌýÌýÌýÌý to the transferor in the case of a lifetime transfer where the IHT is borne by the person benefiting from the transfer1.

Liability to IHT will only be relevant

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
TAKE A FREE TRIAL TAKE A FREE TRIAL

Web page updated on 17 Mar 2025 16:49