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