Watkins and Another v Revenue and Customs: FTTTx 17 Nov 2011

FTTTx Inheritance tax – discounted gift trust – valuation of retained interest to income stream – s160 IHTA 1984 – burden of proof – adequacy of comparables – appeal dismissed

Malachy Cornwell-Kelly J
[2011] UKFTT 745 (TC)
Inheritance Tax Act 1984 160
England and Wales
CitedSalvesen’s Trustees v Inland Revenue Commissioners SCS 1930
The court considered the valuation of shares in a notional purchase. The company’s articles of association contained a provision that the company might at any time, by extraordinary resolution, resolve that any shareholder, other than a director or . .

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Inheritance Tax

Updated: 31 October 2021; Ref: scu.449684