Heritage chattels: some byways of Conditional Exemption explored
Manisty, E.
Heritage chattels: some byways of Conditional Exemption explored - 2003 - Christie's Bulletin for Professional Advisers 8(1) Summer 2003, 19-27(9) .
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.
CAPITAL GAINS TAX
TAXATION
CHATTELS
INHERITANCE TAX
ESTATE DUTY
Heritage chattels: some byways of Conditional Exemption explored - 2003 - Christie's Bulletin for Professional Advisers 8(1) Summer 2003, 19-27(9) .
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.
CAPITAL GAINS TAX
TAXATION
CHATTELS
INHERITANCE TAX
ESTATE DUTY