Chapter IHTM24021

Published date20 March 2016
Record NumberIHTM24021
CourtHM Revenue & Customs

If the transfer occurred on a death, IHTA84/S122 (2) provides that relief will not be due in respect of any holdings

  • sold within three years after the death
  • where the shares are sold and revalued as a minority holding under IHTA84/S176.

This means relief will not be due unless the holding, by itself, would have been sufficient to give control immediately before the death. In these circumstances, you may need to withdraw any relief already given. However...

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