Inheritance Tax of Ltd Company


F

Fredxx

I thought a Ltd company, wholly owned and controlled by someone, passed
to their children, where the value of the company did not attract IHT.

This is a trading company with a modest amount of money in its bank
account. The deceased person is already in the regime where their
estate will attract IHT.

Can anyone say if this is the case, and what conditions are imposed by HMRC?
 
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