000			01157cab a2200181 4500
001			##L133390
008			060505n2006 000 0 eng u
035			_a(Sirsi) u133390
041	0		_aeng
100	1		_aManisty, Edward
245	0	0	_aDa Vinci owed
260			_c2006
490		0	_aTaxation _v157(4055) 27 April 2006, 104-106(3)
520			_aExamines the preparation and negotiation procedures, challenges and requirements involved in chattel rents. Inheritance tax savings can be obtained from giving away chattels and renting them back. For example, a person may decide to give the contents of their estate to a family member, but continue to reside there, whilst still enjoying their former personal property. Two advisory steps should be taken: the first is to consider the immediate tax implications of such a gift. If the chattels had been exempt from tax in the past, then any capital gains tax must be considered. The second step is to ensure an effective gift of the chattels to the donee, either by delivery or by way of deed of gift or declaration of trust.
590			_aIKA090506
690			_aPROPERTY-PROPERTY TAXATION
942			_n0
999			_c76974 _d76974