Part 18Transactions in land
Further provisions relevant to the charge
824Tracing value
1
This section applies if it is necessary to determine the extent to which the value of any property or right is derived from any other property or right for the purposes of this Part.
2
Value may be traced through any number of companies, partnerships and trusts.
3
The property held by a company, partnership or trust must be attributed to the shareholders, partners or beneficiaries at each stage in such manner as is appropriate in the circumstances.