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Forums › ACCA Forums › ACCA ATX Advanced Taxation Forums › Q Mahia, PIlot Paper
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:
There is no CGT
There is IHT because she’s domiciled in the UK.
Hope that helps
