IHTM25202 - Control holdings of quoted shares or securities: Transfers and shares within IHTA84/S105 (1)(cc)
IHTA84/S105(1)(cc) applies to transfers and other events occurring on or after 10 March 1992.
It applies to quoted shares or securities which
- either by themselves or together with other such shares or securities owned by the transferor
- gave the transferor control of the company immediately before the transfer.
The instructions on shares and securities within IHTA84/S105 (1)(b) at IHTM25171, and the time at which the transferor is required to have control (IHTM25172), also apply to IHTA84/S105 (1)(cc).
Shares and Assets Valuation (SAV) will advise whether a holding of shares or securitiess atisfies the requirements of IHTA84/S105 (1)(cc) but may not be able to indicate whether or not business relief is due.