Commentary

I8.241 Related property—introduction

IHT, trusts and estates

I8.241 Related property—introduction

Related property

I8.241 Related property—introduction

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 spouse2 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 holding. If the property retained and the related property are together a majority holding, then the retained property continues to be valued as an appropriate

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