IHTM25202 - Control holdings of quoted shares or securities: Transfers and shares within IHTA84/S105 (1)(cc)

HTA84/S105 (1)(cc) applies to transfers and other events occurring on or after 10 March 1992.

It applies to quoted shares or securities which

• either by themselves or together with other such shares or securities owned by the transferor
• gave the transferor control of the company immediately before the transfer.

Before 10 March 1992 business relief for such shares and securities was available underIHTA84/S105 (1)(b).

The following instructions on IHTA84/S105 (1)(b) apply to IHTA84/S105 (1)(cc) as they do to IHTA84/S105 (1)(b):

the shares and securities within IHTA84/S105 (1)(b) ( IHTM25171), and
the time at which the transferor is required to have control ( IHTM25172)

Shares and Assets Valuation (SAV) will advise whether a holding of shares or securities satisfies the requirements of IHTA84/S105 (1)(cc) but may not be able to indicate whether or not business relief is due.