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A tale of two taxes
KEY POINTS
- Shares in an unquoted trading company may be eligible for business property relief and gift relief.
- Entrepreneurs’ relief may be available for the donor of a gift of shares.
- Rules for transfers of shares from an investment company are less generous.
- Chargeable lifetime transfers to a trust are subject to the lifetime rate of 20%.
When an individual makes the gift of an asset or a sale at undervalue both of the capital taxes – inheritance and capital gains – come into...
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