Roy owns 3,500 ordinary shares in an unlisted company which has an issued share capital of 10,000

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Roy owns 3,500 ordinary shares in an unlisted company which has an issued share capital of 10,000 ordinary shares. Roy's wife owns a further 1,600 shares. Shareholdings in the company are valued as follows:

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Taxation Finance Act 2017

ISBN: 9781292200804

23rd Edition

Authors: Alan Melville

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Question Posted: Feb 07, 2024 08:28 AM

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Roy owns 3,500 ordinary shares in an unlisted company which has an issued share capital of 10,000

Question:

500 shares 4,600 shares 5,000 64,400 3,000 shares 5,100 shares 33,000 96,900 3,500 shares 43,750 Roy now transfers 500 of his shares to a relevant property trust. Cal culate the value of this transfer for IHT purposes.

Step by Step Answer:

Ignoring related property Roys estate has reduced in value by 10750 43750 33000 and this ...View the full answer

Taxation Finance Act 2017

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