.png)
.png)
ANASTASIA TENNANT explains how the exemption for private treaty sales applies to companies
KEY POINTS
- The extension of tax relief to corporate bodies.
- The type of assets that might qualify.
- How the ‘douceur’ works in practice.
- The potential percentage benefits to both parties.
- Comparative examples before and after the legislative change.
It is well known that any gain on the private treaty sale by an individual or the trustees of a settlement to a museum or other body mentioned in IHTA 1984 Sch 3 of a work of art or one of the ‘heritage’ assets mentioned in IHTA 1984 s 31 (see below) which has been conditionally exempted from 
inheritance tax or capital gains tax will not be a chargeable...
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.
