IHTM38183 - Tax stops and stops on shares: stops on shares

When HMRC, by virtue of the charge afforded by IHTA84/S237 has an interest in

• Government stock, or
• stocks, shares or debentures of any company registered under the Companies Act

that interest can be asserted formally by the issue of a Stop Notice to the Bank of England or the Company concerned.

A Stop Notice has the effect of compelling a Company Registrar to give notice to HMRC of the taxpayer’s intention to sell shares, thereby ensuring that HMRC is able to make a claim on the proceeds.