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HMRC internal manual

Inheritance Tax Manual

HM Revenue & Customs
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Employee benefit trusts: dispositions by an individual: liaison with CGT

Transfers that fall within IHTA84/S28 will also be treated as a disposal at no gain or loss for Capital Gains Tax (CGT) purposes under TCGA92/S239. You may receive enquiries from CGT caseworkers asking you to confirm that a transfer of shares to the trustees of an employee benefit trust meets the conditions of IHTA84/S28. If you do you should reply to them as appropriate.