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HMRC internal manual

Inheritance Tax Manual

From
HM Revenue & Customs
Updated
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Lifetime transfers: specific lifetime reliefs: shares and securities: adjustments

You may need to adjust the value of shares and securities (whether quoted or unquoted) at the date of death or sale to ensure that like is compared with like.

The following pages will tell you in more detail where you may need to make an adjustment under IHTA/S133 to 136.