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Example 1

John and Ann were married when Ann gave shares to a charity. John and Ann were divorced the following year.

The shares held by the charity (as well as Ann's own property) ceased to be related to the property in John's estate when the divorce became final. They would, of course, remain related to the property in Ann's estate.

Example 2

G Ltd is a private family investment company with an issued capital of £100,000 represented by 100,000 £1 ordinary shares. The shares are held as follows:

1. Ìý

   ÌýÌýÌýÌý 40% by Mr Q (40,000 shares)

1. Ìý

   ÌýÌýÌýÌý 30% by Mrs Q, wife of Mr Q (30,000 shares)

1. Ìý

   ÌýÌýÌýÌý 14% by the trustees of a discretionary (No 1) settlement created by Mr Q in 1974 (14,000 shares)

1. Ìý

   ÌýÌýÌýÌý 16% by the trustees of a No 2 settlement, under which Mrs Q has a life interest (16,000 shares)

In valuing the estate of Mr Q before any transfer, the 30% owned by his wife and