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HMRC internal manual

Inheritance Tax Manual

FACET procedures: changes in shareholdings

If there have been any changes in the holding of any of the sold ‘qualifying investments’ (IHTM34131), question 3(d) on page 4 of form IHT 35 should be ticked ‘Yes’. Details of any changes in holdings should be included with the IHT 35.

Usually changes in shareholdings will result from either

  • bonus issues (IHTM34103), or
  • rights issues (IHTM34104).If, unusually, you have to deal with any other sort of change in shareholdings you should check the information provided on the IHT35 in Extel. You can find more detailed information on how to treat changes in shareholdings at (IHTM34180).