IHTM34000 - Loss on sale of shares: contents

Summary

Summary

IHTM34010	Background
IHTM34011	Basic Conditions

IHTM34020	Introduction
IHTM34021	Key stages in dealing with a claim for relief (chart)
IHTM34030	Receiving a claim for relief (chart)
IHTM34031	Who is responsible for dealing with the claim?
IHTM34032	Is the claim for relief in the approved format?
IHTM34033	Has form IHT 35 been completed correctly?
IHTM34040	Checking the claim for relief (chart)
IHTM34041	Are the shareholdings appropriate for including in the claim? (chart)
IHTM34042	Initial check of the value of shares included in the claim (chart)
IHTM34043	Checking form IHT 35
IHTM34050	Are additional valuation checks required? (chart)
IHTM34051	Mandatory referrals to FACET
IHTM34052	Other referral to FACET
IHTM34053	Summary of checks made in FACET
IHTM34060	Agreeing the claim for relief (chart)
IHTM34061	Raising enquiries on loss of sale of shares claim
IHTM34062	Sale price unacceptable
IHTM34070	Finalising the relief (chart)
IHTM34071	What to do once the relief is agreed
IHTM34072	Provisional relief
IHTM34073	Finalising the relief
IHTM34074	Notifying tax offices of revised values
IHTM34080	Claiming relief for underwriting interests
IHTM34081	Dealing with claims for relief on underwriting deposits

IHTM34090	Introduction
IHTM34091	Why are forms IHT 35 sent to FACET?
IHTM34092	Summary of checks made in FACET (chart)
IHTM34093	Is the form IHT 35 appropriate for FACET to consider?
IHTM34094	What checks should you make if a substantial loss has been claimed?
IHTM34095	What you should do if one or more of the questions at 2 or 3 are answered 'Yes'
IHTM34096	Non-mandatory referrals from caseworkers
IHTM34097	Suspended or cancelled shares
IHTM34098	Purchase of shares
IHTM34099	Exchanges
IHTM34100	Capital payments
IHTM34101	Call
IHTM34102	Changes in shareholdings
IHTM34103	Bonus issues
IHTM34104	Rights issues
IHTM34105	Options
IHTM34106	Limitations on loss on sale of shares relief

IHTM34131	What are qualifying investments?
IHTM34132	Non-qualifying investments
IHTM34133	Unlisted Securities Market (USM) shares
IHTM34134	Shares temporarily suspended at date of death
IHTM34135	Share option schemes
IHTM34136	Underwriting deposits
IHTM34137	Unadministered estates
IHTM34138	Reversionary interests
IHTM34139	Shares held by a partnership
IHTM34140	Foreign stock exchanges
IHTM34141	Open ended investment companies (OEIC)

IHTM34161	Basic condition
IHTM34162	Separate claims by legal personal representatives and trustees
IHTM34163	Death of legal personal representative or trustee
IHTM34164	Personal Equity Plans (PEPs) and Individual Savings Accounts (ISAs)

IHTM34171	What is an 'overall loss'?
IHTM34172	How is the loss calculated?
IHTM34173	Value on death
IHTM34174	Interest on Government securities
IHTM34175	Call
IHTM34176	Sale value
IHTM34177	Capital payments

IHTM34181	Changes in the capitalisation of a company
IHTM34182	Date of death value for the whole of the new holding
IHTM34183	Date of death value for investments sold
IHTM34184	Investments forming part of a new holding
IHTM34185	Bonus issues
IHTM34186	Renounced bonus issues
IHTM34187	Rights issue
IHTM34188	Rights sold
IHTM34189	Rights taken up and sold
IHTM34190	Rights not taken up or sold
IHTM34191	Rights disposed of without consideration
IHTM34192	Part of rights sold, balance taken up as shares
IHTM34193	Acquisitions prior to sale

IHTM34211	Introduction
IHTM34212	The restriction
IHTM34213	Purchases by the 'appropriate' person
IHTM34214	Purchases of 'qualifying investments'
IHTM34215	Prior purchase of similar shares
IHTM34220	Part of holding only in the deceased's estate
IHTM34230	Loss on sale is greater than the original date of death value

IHTM34241	Summary
IHTM34242	Payment of 'call'
IHTM34243	Changes in the capitalisation of a company
IHTM34244	Purchases of qualifying investments
IHTM34245	Example of how values are revised under S.187(3)