For the purposes of Inheritance Tax an inscribed and registered
security (A shareholding in a Company for example) is located at
the place where the title of ownership must be registered - see Att
Gen v Higgins [1857] 2 H and N 339.
However, some international securities have different rules
(IHTM27078).
It makes no difference that the business of the company is
totally administered outside the country in which the register is
kept: see Baelz v Public Trustee [1926] Ch 863.
