I8.336 Retirement

I8.336 Retirement

On retirement, a partner might sell his partnership share to the continuing partners on terms negotiated at the time of the retirement, or it might be dealt with according to an accruer or option agreement already in place. The IHT aspects of these possibilities are considered at I6.231. If an IHT valuation of a partnership share is necessitated by the retirement of a partner, the same considerations as apply to the valuation of a partnership share on death should apply. For these, see I8.335.

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