I3.614 Relief For CGT Against IHT

Home / Simons-Taxes /IHT, trusts and estates /Part I3 Lifetime transfers /Division I3.6 IHT and other taxes /IHT and other taxes—capital gains tax (CGT) / I3.614 Relief for CGT against IHT

Commentary

IHT, trusts and estates

There are occasions when a CGT liability may reduce the value transferred by a chargeable transfer or be offset against the IHT due.

Reduction in chargeable transfer where CGT is borne by the donee

If CGT is borne by the donor then their estate will be reduced by the CGT. However, this does not increase the value transferred

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I4.265 Lifetime transfers reported late

I7.333A Companies and replacement APR property

A4.204 Claims procedure—corporation tax

I7.323 APR and successions

D1.8101 Groups of companies

I7.504 Designation for the conditional exemption

A4.214 Claims following further assessments—income tax and capital gains tax

A4.557 Late filing penalties—company tax returns

B5.812A Particular charitable bodies

C2.1231 Leases—deemed premiums

E4.1146 The PAYE cumulative basis—overview

I7.120A BPR and excepted assets

D3.410 Benefits provided by close companies to participators

B5.846 Charities and close companies

E7.234 Other types of lifetime benefit lump sum

D6.711 Liquidation—capital gains implications

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

B2.472 Tax and tax-related expenditure

B2.202 Capital receipts

D4.412 CFCs—excluded territories exemption

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