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Home / Simons-Taxes /IHT, trusts and estates /Part I8 Valuation /Division I8.2 Principles of valuation /Principles of IHT valuation—overview / I8.210 Valuation of property examples

I8.210 Valuation of property examples

IHT, trusts and estates

Example 1

Y owns 20% of the issued capital of AB Ltd, an unquoted trading company, and has a life interest (which is a QIIP) which includes a 40% holding in AB Ltd.

Both holdings have to be valued as part of a 60% holding (and any BPR would be 100%) unless the life interest terminates in the lifetime

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

I4.265 Lifetime transfers reported late

A4.204 Claims procedure—corporation tax

I7.323 APR and successions

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

E6.303A Domicile of origin

C1.106A Annual exempt amount

A1.543 Welsh GAAR

B2.315 The concept of wholly and exclusively

C2.1231 Leases—deemed premiums

C2.1168 Property rich collective investment vehicles—ceasing to meet the exemption election requirements

B8.210 Restrictions on sideways loss relief

C1.511 Use of Mansworth v Jelley losses

D3.410 Benefits provided by close companies to participators

D1.404B Large company definition for R&D tax relief

I11.215 IHT accounts—excepted settlements

D6.711 Liquidation—capital gains implications

B2.472 Tax and tax-related expenditure

D1.1422 Calculating NGIE and ANGIE

E6.102K Statutory residence test—the definition of a 'home'