For updates affecting this Division please see Part I0 Updates
Loss on sale of quoted securities
I4.301 Loss on sale of shares and IHT—overview
IHT is chargeable on death as if the deceased had immediately before his death made a transfer of value equal to the value of his estate (see I4.101)1. In general, the value charged to IHT is the value of the estate immediately before the death.
However many practical problems can result. The personal representatives (PRs) must sell assets included in the estate in order to pay debts and IHT, but they cannot do so until they have obtained a grant of representation, which can take a few weeks and often much longer.
During the period between the date of death and the date of sale of investments their market value may have dropped. In certain circumstances explained below relief is available in respect
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Web page updated on 17 Mar 2025 17:45