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Gift of shares in family company


My client is the owner of shares in her family company. The company’s main business is property development but it also receives rental income from a number of properties it has built but not sold. The development side represents approximately 60% of the business. She is concerned about inheritance tax and is keen to transfer shares to her daughter; however the daughter is worried because her mother is not in good health and may well not survive the gift by seven years. Could the gift actually increase the family’s tax burden? 


If there is a perceived risk that your client will not survive for seven years the daughter is right to be cautious. The one certain consequence of any lifetime gift is that by...

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