I have counted a transfer as one of sale in those cases where property was transferred to a person not obviously related to the transferor.
With respect to the claimant transferor, this means precautions against making a mistaken payment.
This condition is exactly like the original except that it does not apply where the upward transferor is below the mean and the upward transferee is above the mean.
No statistics are available linking inheritance tax liabilities with the relative income level either of transferors in their lifetime, or of transferees.
So this limited company steadily builds up reserves which ultimately come back in the form of capital to benefit the transferor in this country.
I certainly suggest that the words "transferor or lessor" ought to be confined to the persons beneficially receiving consideration.
The transferor has only to show that his transfer has been made because it was to his own bona fide commercial advantage.
Regulation 6 provides that a collective agreement made by the transferor with the union will have effect as if made by the transferee.
