I8.241 Valuation of related property—overview
The related property provisions, whereby property given to an exempt recipient continues to be taken into account in valuing the property retained by the transferor were created when CTT was introduced1. This was to prevent an exempt gift to a spouse (and now charities and civil partners also) of the crucial part of a shareholding which would reduce that holding from a majority one to a minority one, the retained shares being valued as a minority
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