thought I published this earlier but here goes again....
Am I right in thinking that you cannot obtain gift relief claim on the tranfer of land even if the transfer holds shares in the company which trades on the land?
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Are you referring to SDLT, CGT or IHT?
Did you mean to ask:-
Am I right in thinking that you cannot obtain gift relief for [whichever tax] purposes on the transfer of land even if the transferor [or did you mean the transferee?] holds shares [what proportion?] in the company which trades [what trade, farming, property letting?] on the land?
RM
I'm referring to CGT.
Yes the transferor and transferee are involved in the company owning 5% and 20% respectively.
The trade is an amusement arcade, land is arcade area plus car park.
Thanks. I now understand the question. Sorry I don't know the answer. No doubt others will.
RM