Inheritance Tax of Ltd Company

Discussion in 'UK Accountancy' started by Fredxx, Aug 7, 2012.

  1. Fredxx

    Fredxx Guest

    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?
     
    Fredxx, Aug 7, 2012
    #1
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  2. Fredxx

    Robin Guest

    Robin, Aug 7, 2012
    #2
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