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HMRC internal manual

Inheritance Tax Manual

From
HM Revenue & Customs
Updated
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Transfers on death: shares and securities

The remaining four categories of qualifying property are concerned with shares and securities. Of the four categories, only the first, control holdings (IHTM30217), makes instalments available for quoted securities. The remaining three categories are confined to unquoted shares or securities (IHTM30216).

To the extent to which the shares or securities qualify for Business Relief (IHTM25131) at 100%, these instructions have no practical application.