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Home / Simons-Taxes /IHT, trusts and estates /Part I3 Lifetime transfers /Division I3.1 The transfer of value /Disposition—exclusions—commercial transactions / I3.146 Commercial transactions for IHT―unquoted shares
Commentary

I3.146 Commercial transactions for IHT―unquoted shares

IHT, trusts and estates

There is an additional special requirement for sales of unquoted securities to come within IHTA 1984, s 10.

IHTA 1984, s 10(2) states that IHTA 1984, s 10(1) is not to apply to sales of unquoted shares or unquoted debentures1 unless it is shown that the sale was at a price freely negotiated at the time of the sale or at a price such as might

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