IHTM18001 | Stocks and shares: introduction

How you investigate whether the values included for stocks, shares and other investments for Inheritance Tax (IHT) are correct depends on whether they are listed on a recognised stock exchange or not. It will also have a large impact on whether the shares will qualify for business relief (IHTM25131).

This chapter provides information and guidance on how and when you should investigate stocks, shares and other investments whether they are treated as listed or unlisted.

Shares and Asset Valuation are mainly responsible for valuing unlisted shares and can also provide advice on other issues concerning the valuation of shares.

How the IHT loss on sale of shares relief rules (IHTM34001) apply is explained separately in this manual. Fall in value relief may also affect the value of shares that you use to calculate the tax on lifetime transfers and you can find the instructions at IHTM14621.