IHTM14835 - Associated operations: transfer in stages

Here, successive portions of a property are transferred, usually annually. The portion may be calculated in a variety of ways: often it is a share equivalent in value to the amount of the annual exemption. This is sometimes referred to colloquially as the “salami slices” ( IHTM14161) scheme.

• Obtain a copy of the documentation by which the transfers were effected (a copy of the first transfer deed will normally suffice if the parties say that all the deeds are in substance identical)

then

• refer to Technical Group.