Heritage chattels: some byways of Conditional Exemption explored
Series: Christie's Bulletin for Professional Advisers ; 8(1) Summer 2003, 19-27(9)Publication details: 2003Subject(s): Summary: Discusses the taxation position of heritage chattels conditionally exempted from capital taxation. Identifies three scenarios which could affect the taxation position of a chattel, these being: firstly theft, destruction or damage; secondly unexplained loss; and thirdly where the current owner wishes to be free from the existing exemption. Describes exemptions under existing Capital Gains and Inheritance Tax regimes relating to transfer made after 6 April 1976. together with exemptions under estate duty prior to its abolition in 1976.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS66752 (Browse shelf(Opens below)) | 1 | Available | 122844-1001 |
Discusses the taxation position of heritage chattels conditionally exempted from capital taxation. Identifies three scenarios which could affect the taxation position of a chattel, these being: firstly theft, destruction or damage; secondly unexplained loss; and thirdly where the current owner wishes to be free from the existing exemption. Describes exemptions under existing Capital Gains and Inheritance Tax regimes relating to transfer made after 6 April 1976. together with exemptions under estate duty prior to its abolition in 1976.