This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.


Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

IHT & membership of company limited by guarantee

Joined:Sat Apr 02, 2016 6:27 pm
IHT & membership of company limited by guarantee

Postby eggsnbacon » Thu Sep 16, 2021 6:06 pm

If a deceased person was a member of a company limited by guarantee, does that have any value for IHT purposes?

Joined:Fri May 16, 2014 3:47 pm

Re: IHT & membership of company limited by guarantee

Postby AGoodman » Fri Sep 17, 2021 2:34 pm

It depends entirely on the constitution of the CLG and whether the membership has any value.

If the membership didn't generate any income and wasn't transferable (e.g. a charitable CLG) then no, there wouldn't be any value. If membership could be sold, then possibly yes.

In theory there is nothing to prevent a CLG being used for investment or a trade so you need to check the articles and activities of the company.

Return to “Inheritance Tax, IHT, Trusts & Estates, Capital Taxes”