The general rule is that the value on death of any ‘qualifying investment’ ( IHTM34131) is
The main exception to the general rule is where the investment
forms part of a ‘new holding’ (
IHTM34181) within IHTA84/S183 (1). This
occurs where the original holding changes as a result of, for
example, a reorganisation of share capital, a conversion of
securities, or an issue of shares or debentures in certain
Ex-dividends that were included in the death estate are not included in the date of death value of the holding for the purposes of this relief. Only the actual value of the holding at the date of death should be used.
Special rules ( IHTM34133) apply for calculating the date of death value of shares listed on the Unlisted Securities Market (USM).