Commentary

I6.223 Dispositions of partners' property

IHT, trusts and estates

I6.223 Dispositions of partners' property

I6.223 Dispositions of partners' property

Where a partner owns property which is not partnership property (see I6.221), but which is made available for use in the partnership business, the immediate IHT consequences depend upon the terms on which it is made available.

If the property is made available on fully commercial terms (bearing in mind that, for this purpose, the partners will be regarded as connected persons (see I6.203)), there is no transfer of value. Similarly, it would seem that there is no transfer of value if the making available of that property is part of a larger transaction, for example

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