Inheritance Tax Manual

IHTM34000 - Loss on sale of shares: contents

Summary

1. IHTM34001

   Summary

Background

1. IHTM34010

   Background
2. IHTM34011

   Background: Basic Conditions

Qualifying investments

1. IHTM34131

   Qualifying investments: What are qualifying investments?
2. IHTM34132

   Qualifying investments: Non-qualifying investments
3. IHTM34134

   Qualifying investments: Shares temporarily suspended at date of death
4. IHTM34135

   Qualifying investments: Share option schemes
5. IHTM34136

   Qualifying investments: Underwriting deposits
6. IHTM34137

   Qualifying investments: Unadministered estates
7. IHTM34138

   Qualifying investments: Reversionary interests
8. IHTM34139

   Qualifying investments: Shares held by a partnership
9. IHTM34140

   Qualifying investments: Foreign stock exchanges
10. IHTM34141

    Qualifying investments: Open ended investment companies (OEIC)

Sales

1. IHTM34151

   Sales: The basic condition
2. IHTM34152

   Sales: Date of sale
3. IHTM34153

   Sales: Appropriations
4. IHTM34154

   Sales: Exchanges
5. IHTM34155

   Sales: Unsaleable investments
6. IHTM34156

   Sales: Suspension of shares
7. IHTM34157

   Sales: Cancellation of shares
8. IHTM34158

   Sales: Special treatment of shares in Northern Rock and Bradford & Bingley

Appropriate person

1. IHTM34161

   Appropriate person: Basic condition
2. IHTM34162

   Appropriate person: Separate claims by legal personal representatives and trustees
3. IHTM34163

   Appropriate person: Death of legal personal representative or trustee
4. IHTM34164

   Appropriate person: Personal Equity Plans (PEPs) and Individual Savings Accounts (ISAs)

Calculating the loss

1. IHTM34171

   Calculating the loss: What is an 'overall loss'?
2. IHTM34172

   Calculating the loss: How is the loss calculated?
3. IHTM34173

   Calculating the loss: Value on death
4. IHTM34174

   Calculating the loss: Interest on Government securities
5. IHTM34175

   Calculating the loss: Call
6. IHTM34176

   Calculating the loss: Sale value
7. IHTM34177

   Calculating the loss: Capital payments
8. IHTM34178

   Calculating the loss: Foreign shares or investments

Changes in shareholdings

1. IHTM34181

   Changes in shareholdings: Changes in the capitalisation of a company
2. IHTM34182

   Changes in shareholdings: Date of death value for the whole of the new holding
3. IHTM34183

   Changes in shareholdings: Date of death value for investments sold
4. IHTM34184

   Changes in shareholdings: Investments forming part of a new holding
5. IHTM34185

   Changes in shareholdings: Bonus issues
6. IHTM34186

   Changes in shareholdings: Renounced bonus issues
7. IHTM34187

   Changes in shareholdings: Rights issue
8. IHTM34188

   Changes in shareholdings: Rights sold
9. IHTM34189

   Changes in shareholdings: Rights taken up and sold
10. IHTM34190

    Changes in shareholdings: Rights not taken up or sold
11. IHTM34191

    Changes in shareholdings: Rights disposed of without consideration
12. IHTM34192

    Changes in shareholdings: Part of rights sold, balance taken up as shares
13. IHTM34193

    Changes in shareholdings: Acquisitions prior to sale

Restrictions on relief

1. IHTM34211

   Restrictions on relief: Introduction
2. IHTM34212

   Restrictions on relief: The restriction
3. IHTM34213

   Restrictions on relief: Purchases by the 'appropriate' person
4. IHTM34214

   Restrictions on relief: Purchases of 'qualifying investments'
5. IHTM34215

   Restrictions on relief: Prior purchase of similar shares
6. IHTM34220

   Restrictions on relief: Part of holding only in the deceased's estate
7. IHTM34230

   Restrictions on relief: Loss on sale is greater than the original date of death value

Attribution of values to specific investments

1. IHTM34241

   Attribution of values to specific investments: Summary
2. IHTM34242

   Attribution of values to specific investments: Payment of 'call'
3. IHTM34243

   Attribution of values to specific investments: Changes in the capitalisation of a company
4. IHTM34244

   Attribution of values to specific investments: Purchases of qualifying investments
5. IHTM34245

   Attribution of values to specific investments: Example of how values are revised under S.187(3)