CGT or IHT

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CGT or IHT

Postby mahjabeen » Thu Jul 16, 2009 2:58 pm

A person owns 51% shares in a company XYZ Limited.

He wants to transfer those 51% shares to his grandson.

What are the tax implications?

What ways can we minimise the tax?
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Re: CGT or IHT

Postby andrewr » Sat Jul 18, 2009 1:11 pm

I'm not 100% sure but I can't see you getting away from CGT. The value of the shares on transfer will be deemed to be at market value.
Not sure about IHT.

Sorry not much help!
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