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发布时间:2024-03-09 00:29:17

[多项选择]Fitzgerald and Morrison, two clients of your firm, require advice on the capital gains tax and inheritance tax
implications of gifts they propose to make in the next few months.
Fitzgerald
Gift of shares in Jay Ltd on 1 October 2012:
- To be made to Fitzgerald’s nephew, Pat.
- Comprises the whole of Fitzgerald’s 9% shareholding.
- Fitzgerald inherited the shares from his mother on 1 February 2012 when their market value was £32,000.
- The shares are expected to be worth £127,500 on 1 October 2012.
- Both Fitzgerald and Pat are higher rate taxpayers.
Jay Ltd
- An unquoted manufacturing company.
- Values of the company’s assets as at 1 October 2012

Premises 740,000
Plant and machinery (each item is worth more than £6,000) 160,000
Quoted company shares

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