IHTM37093 - Example Notices of Determination: Unlisted shares
Inheritance Tax
Notice of Determination
Under Section 221, Inheritance Tax Act 1984
TO: Mr Andrew Bernard Carr date: 13 February 2021
c/o Arnold and Sons
27 Liver Place IHT ref: F123123/19A
LIVERPOOL Case Ref: CFS-987654
LP1 1AB
The Commissioners for His Majesty’s Revenue and Customs have determined -
In relation to
a) the Settlement made on 1 January 2016 by Mr Alan Bertram Carr as settlor and Mrs Carol Diane Carr, Andrew Bernard Carr and Graham Harold Castle as trustees;
b) the transfer on 1 January 2016 by Alan Bertram Carr of 500 £1 ordinary shares in Carr’s Caravan Site Ltd (“the Shares”).
That, having regard to the provisions of section 105(3) Inheritance Tax Act 1984, the Shares are not relevant business property for the purposes of section 104 of that Act as the business of the Company consists wholly or mainly of making or holding investments.
(Name of issuing officer)
For the Commissioners for His Majesty’s Revenue and Customs
Right of appeal
If you wish to appeal against this determination (or any part of it), you should within 30 days after service of this notice give notice of appeal in writing, specifying the grounds of appeal, to
[Name of issuing Officer]
WMBC
HM Revenue & Customs
BX9 1LH
You need to quote the case reference [CFS-xxxxxx] and the Inheritance Tax (IHT) reference shown above when writing to us at the above address. If you send any documents to us you must tell us if you want them returned as we may securely destroy them after 90 days