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Home / Simons-Taxes /IHT, trusts and estates /Part I4 Transfers on death /Division I4.3 Property sold or valueless after death /Loss on sale of quoted securities / I4.301A Loss on sale of shares — definitions

I4.301A Loss on sale of shares — definitions

IHT, trusts and estates

The appropriate person

'The appropriate person', in relation to any qualifying investments comprised in a person's estate immediately before his death, means the person liable for the IHT attributable to the value of those investments or, if there is more than one such person and one of them is in fact paying the tax, that person¹.

Qualifying investments

'Qualifying investments' means² shares or securities which at the date of the death in question are quoted on a recognised

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D6.503 International movement of capital—reportable transactions and events

E4.507S Operation of the charge on securities with artificially enhanced market value

I4.265 Lifetime transfers reported late

I3.367 Fall in value relief—changes in interests in land

B2.306 General tests for distinguishing between capital and revenue expenditure

E4.11120 Additional annual returns by employers—overview

A4.557 Late filing penalties—company tax returns

E8.271 Liability for Class 1A contributions

B2.315 The concept of wholly and exclusively

E4.1146 The PAYE cumulative basis—overview

C2.1168 Property rich collective investment vehicles—ceasing to meet the exemption election requirements

I7.120A BPR and excepted assets

D1.404B Large company definition for R&D tax relief

B5.846 Charities and close companies

E7.234 Other types of lifetime benefit lump sum

D6.711 Liquidation—capital gains implications

C2.106 Deferred and contingent consideration on disposals

E3.192 CGT loss relief on disposal of EIS shares

D6.330 Special situations involving a transfer of trade with common ownership—business of leasing plant or machinery

D4.104 Company residence and the case law test