Employee trusts
Capital gains tax
Close companies, dispositions by
Generally
Not a transfer of value
Participators as beneficiaries
Trustees' powers
Exempt transfers
Benefit for participators
Settled shares in/securities of company
Trustees' shareholding
Trustees' voting powers
Inheritance tax
Disposition not a transfer of value
Distributions within two years of death
Generally
Property leaving
Property becoming comprised in second settlement
Property coming into
Property leaving trust
Relevant property
Trading or business expenditure
Treated as one settlement
Trustees, relief for disposals