I12.310 Chattels

I12.310 Chattels

It should be noted that the full consideration exemption from the application of the gifts with reservation of benefit provisions1 applies to chattels and to land but not to other types of asset. A number of fine art auctioneers are experienced in providing a view as to the appropriate level of rent necessary in the context of the giving and continued enjoyment of chattels. It should be noted that there remains some doubt over the extent to which enjoyment for full consideration will protect against the application of the pre-owned assets legislation: see the discussion atI12.409

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