EIM47255 | Pt 7A ITEPA 2003: CCG: relevant steps taken after employee’s death

ITEPA 2003 – Sections 554AF(2)

Where a relevant step is taken on or after the death of the employee to whom the relevant arrangement related, a charge under Chapter 2 Pt 7A will not arise in 2 defined circumstances.

The first is when a relevant step is an earmarking step under section 554B (see EIM45095). The second is when the relevant step is a write off or release of either a loan or an acquired right to a payment of a sum of money or a transfer of an asset under section 554C(1)(ab) (see EIM46105).