CG66541 - Gifts: instalments: withdrawing payments by instalments
Before you can withdraw any arrangement to have the tax paid by instalments, certain conditions have to apply. These are that the original disposal
- was by way of gift and the donor and donee were connected persons
- was a deemed disposal by trustees
and the assets are subsequently disposed of for valuable consideration.
To prevent avoidance it is possible to look back along a chain of such gifts.