SolvedSVM112120 | IHT Agricultural Property Relief: Shares / Securities subject to a binding contract for sale
From HM Revenue & Customs · Shares and Assets Valuation Manual
Agricultural relief is not available when the shares or securities concerned are subject to a binding contract for sale at the time of the transfer, except where the sale is made for the purpose of reconstruction and amalgamation.
There is a similar provision for business relief (section 113 IHTA 1984) and, therefore, the instructions at SVM111120 should also be treated as applying in this context.
Additional Guidance: SVM150000