.png)
.png)
11 October 2007
21 June 2007
Reported by Mark McLaughlin consultant and general editor of TaxationWeb
SPEAKERS QUOTED:
- Stephen Brandon QC barrister 15 Old Square
- Chris Whitehouse barrister 5 Stone Buildings
- Paul Fisher partner Bruce Sutherland & Co
- David Pett head of share schemes Pinsent Mason
- Alun James barrister Temple Tax Chambers
Family debt arrangement
Chris Whitehouse pointed out that family debt (or 'IOU') arrangements continue to be attractive for inheritance tax purposes so long as the debt is not settled. For example Mr A sells the shares in his investment company to his wife (or civil partner) the price being left outstanding as a debt repayable on the death of the survivor. Mr A gives the debt to his adult children.
The effect is that...
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.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
