GAAR Advisory Panel opinion of 2 March 2020: Reducing an estate's value for inheritance tax via subscription for shares in a new company and gifting shares to an employee succession trust
Use the GAAR Advisory Panel opinion on reducing an estate's value via subscription for shares in a new company and gifting shares to an employee succession trust to help you recognise abusive tax arrangements.
Documents
Details
Use this opinion together with the General Anti-Abuse Rule (GAAR) guidance to help you recognise abusive tax arrangements.
This opinion covers reducing an estate’s value via subscription for shares in a new company and gifting shares to an employee succession trust.
It affects Inheritance Tax.
The GAAR Advisory Panel’s opinion is the entering into of the tax arrangements is not a reasonable course of action in relation to the relevant tax provisions, and the carrying out of the tax arrangements is not a reasonable course of action in relation to the relevant tax provisions.