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IHT (Gift of shares)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › IHT (Gift of shares)

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by JillyB.
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  • January 2, 2023 at 5:16 pm #675315
    Eunice03
    Participant
    • Topics: 88
    • Replies: 70
    • ☆☆

    Good day,I want to confirm if the annual exemption and nil rate band(325000) applies to the gift of shares to someone. For example,
    On 9September,2020 Jimmy gave 200 shares valued at £5 each in J Ltd, an unquoted investment company to his daughter .Before the gift, Jimmy owned 5,100 shares valued at £30 each in J Ltd. After the gift Jimmy owned 4,900 shares valued a t£20 each in J Ltd.

    January 3, 2023 at 5:52 pm #675350
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    If the gift is a PET then there is no lifetime IHT due

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