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Q Mahia, PIlot Paper

Forums › ACCA Forums › ACCA ATX Advanced Taxation Forums › Q Mahia, PIlot Paper

  • This topic has 1 reply, 2 voices, and was last updated 13 years ago by channel07.
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  • November 2, 2011 at 8:23 pm #50324
    elen75
    Member
    • Topics: 10
    • Replies: 4
    • ☆

    Why the gift to Teresa, which comprise of UK asset is tax free from GGT. We know that NOR and NR pay GGT tax just on UK business asset , which this company clearly is:

    December 3, 2011 at 9:14 am #89333
    channel07
    Member
    • Topics: 1
    • Replies: 3
    • ☆

    There is no CGT

    There is IHT because she’s domiciled in the UK.

    Hope that helps

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