IHTM04089 - Settled property: the charge when both a close company and interest in possession are involved

Where both a close company and an interest in possession (IIP) (IHTM16000) in settled property are involved the situations are catered for where

• a close company makes a transfer of value and part of the value transferred would be apportioned to a trustee of a settlement, see IHTM04090
• an alteration is made in a close company’s share or loan capital (or in any rights attaching to its shares or debentures), see IHTM04091
• a close company is entitled to an IIP in settled property, see IHTM04092