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HMRC internal manual

Capital Gains Manual

Absolute entitlement: valuation

Where two or more beneficiaries simultaneously become absolutely entitled to unquoted shares held as settled property (for example on the death of a life tenant or on the occurrence of a contingency), the number of shares to be valued, see CG59590, is the total number of shares which are deemed to have been disposed of by the trustees on that occasion, and not the proportionate number of shares to which each beneficiary has become absolutely entitled. If possible you should agree with the trustees what is to be valued before completing the form CG30.