Commentary

I11.512 Shares or securities giving control

IHT, trusts and estates

I11.512 Shares or securities giving control

I11.512 Shares or securities giving control

The instalment option is available for IHT attributable to the value of shares or securities in a company which immediately before the chargeable transfer gave control of the company to:

  1.  

    •     the deceased, in the case of a transfer on death

  2.  

    •     to the trustees in the case of a transfer involving settled property under IHTA 1984, ss 58–85 (Pt III, Ch III) (settlements without interests in possession)

  3.  

    •     to the transferor in the case of a lifetime transfer where the IHT is borne by the person benefiting from the transfer1.

Liability to IHT will

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