STEP spring conference report

18 July 2018 / Geraint Jones

Issue: 4656 / Categories: Comment & Analysis

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.

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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18 July 2018 / Geraint Jones

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.