.png)
.png)
ANASTASIA TENNANT explains how the exemption for private treaty sales applies to companies
KEY POINTS
- The extension of tax relief to corporate bodies.
- The type of assets that might qualify.
- How the ‘douceur’ works in practice.
- The potential percentage benefits to both parties.
- Comparative examples before and after the legislative change.
It is well known that any gain on the private treaty sale by an individual or the trustees of a settlement to a museum or other body mentioned in IHTA 1984 Sch 3 of a work of art or one of the ‘heritage’ assets mentioned in IHTA 1984 s 31 (see below) which has been conditionally exempted from 
inheritance tax or capital gains tax will not be...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
