HARD TOPICS TO GO OVER

Question 1

What business property qualifies for 50% relief

Answer 1

1. company shares listed on a recognised stock exchange where the testator had voting control immediately before death and
2. land buildings machinery or plant owned by the transferor personally but used for building purposes

Question 2

what decisions does the board have to make with regards to allotment of shares?

Answer 2

1. the board will decide the price and how many shares it wishes to allot

solicitors can advise on the procedure