Meeting points
KEYPOINTS
- Care is required to avoid double tax charges if a settlor-interested trust is created.
- The inheritance tax entry charge when assets are transferred into relevant property trusts can be avoided.
- A two-year rule applies for business property relief but in respect of the shareholding rather than the business.
- Inheritance of a property rather than a purchase can result in a 3% stamp duty land tax surcharge.
- TCGA 1992 s 169I(6)(b) requires the vendor to have been an officer or employee of the company throughout the 12 months ending with the disposal.
STEP spring conference
Date: 29 June 2018
Location: London
Chris Whitehouse 5 Stone Buildings
Emma Chamberlain Pump Court Tax Chambers
Caroline Fleet Gabelle
Robert Jamieson Mercer & Hole
John Barnett Burges...
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