��Ƶ

Home / Simons-Taxes /IHT, trusts and estates /Part I6 Close companies and partnerships /Division I6.1 Close companies /Transfers of value by close companies / I6.121 Introduction to transfers by close companies

I6.121 Introduction to transfers by close companies

IHT, trusts and estates

I6.121 Introduction to transfers by close companies

IHTA 1984, s 94 deals with the situation where an individual (or a group of individuals) exercises control over a close company and uses it to pass value to an intended beneficiary. This is a transaction which, but for IHTA 1984, s 94, could not give rise to a chargeable transfer for IHT purposes (although a charge to CGT might

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

D6.503 International movement of capital—reportable transactions and events

B6.749 ATED—property developers

B5.301 Intellectual property—overview

I4.142A Liabilities which are not discharged out of the estate

B2.306 General tests for distinguishing between capital and revenue expenditure

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

I3.750 POAT—introduction to existing arrangements

B5.123 BPS—negligible value claims

B2.413 Car hire

C1.213 Liability to tax on chargeable gains—trustees in bankruptcy

A1.543 Welsh GAAR

E4.622 Vans—main rules

I5.251 Absolute entitlement by the life tenant

C2.902 Wasting assets—wasting of allowable expenditure

C1.511 Use of Mansworth v Jelley losses

C3.1705 Non-qualifying tax years, and disposals of a main home under NRCGT

C2.106 Deferred and contingent consideration on disposals

C2.1173 Interaction of the exemption election regime with other capital gains exemptions

E3.192 CGT loss relief on disposal of EIS shares

D6.330 Special situations involving a transfer of trade with common ownership—business of leasing plant or machinery