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HMRC internal manual

Inheritance Tax Manual

HM Revenue & Customs
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Qualifying investments: shares temporarily suspended at the date of death

Where the quotation of shares is suspended at the date of death but is subsequentlyrestored the shares are treated as ‘qualifying investments’ if they are soldwithin 12 months of the death, IHTA84/S178 (2).

For the date of death value you should use the value as advised by FACET. The sale valueis calculated in the normal way.

Special treatment also applies to shares that are qualifying investments at the date ofdeath but which are subsequently suspended (IHTM34106) orcancelled (IHTM34107).

If the shares were suspended at death and the suspension remains in force through thefollowing 12 months no relief is due. This is because the investment is not quoted at anyrelevant time.