Part 1 Family companies: basic tax planning strategies - making lifetime gifts; making the best use of exemptions and reliefs - controlling shareholdings, giving up control, exploiting business relief by exempt legacies; a review of some taxation provisions referred to in chapters 1 and 2 - value shifting ss 25-26 CGTA 1979, value shifting for inheritance tax, restrictions on business and agricultural property reliefs, the benefits reserved provisions. Part 2 Partnerships: transferring capital and anticipating capital transfer tax - transferring control - maximizing the tax advantages, maximizing business relief. Part 3 Trusts: business interests held by trusts - shares in companies held by trusts, shares held by trustees of an interest in possession trusts, trusts in business property and agricultural property reliefs.
