Topic: Intra-Family
Insights
Last 3 months to benefit from the reduced duty rate on intra-family donations
Issued on 2nd May 2017, the Duty on Donations of Marketable Securities and Immovable Property Used for Business (Exemption) Order, 2017 (L.N. 131 OF 2017) had introduced a reduced rate of duty for intra-family donations of company shares and immovable property used within a family business.
The main features of...