There is provision1 for determining the value for the purposes of IHT of any particular investment (referred to as a 'specific investment') which is included among the qualifying investments (see I4.301A) which are taken into account2 in determining the loss on sale3.
For the basic principles see I4.302.
The value so determined is also the market value of that investment for CGT purposes at the date of death4.
The general rule is that the value of a specific investment is its sale value5, but this is subject to the exceptions described below.
In a case where the calculation of the loss on sale of the investments to which a claim relates is affected by the provision6 as to purchases of investments by the appropriate person (see I4.301):
- Ìý
•ÌýÌýÌýÌý if the value on death of a specific investment
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Web page updated on 17 Mar 2025 13:11