Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Inheritance Tax Manual

From
HM Revenue & Customs
Updated
, see all updates

Changes in shareholdings: rights issue

If a rights issue is declared in respect of a ‘qualifying investment’ (IHTM34131) the ‘appropriate person’ (IHTM34161) may

  • sell the rights (IHTM34188)
  • take up and sell the allotted shares (IHTM34189)
  • neither take up nor sell the rights (IHTM34190)
  • dispose of the rights without consideration (IHTM34191), or
  • sell part of the rights and accept the balance (IHTM34192) of the shares.The impact on the calculation of the loss will depend on what option the appropriate person takes.