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HMRC internal manual

Inheritance Tax Manual

From
HM Revenue & Customs
Updated
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Appropriate person: Personal Equity Plans (PEPs) and Individual Savings Accounts (ISAs)

You may treat sales made by an investment or plan manager of a Personal Equity Plan(PEP) as sales made by the ‘appropriate person’. The legal personalrepresentatives should still make the claim for relief.

Shares held in an Individual Savings Account (ISA) form part of the deceased’sestate. Any sales of these shares will be made by the appropriate person.