If the issue of a stop notice is considered to be appropriate
you should first ascertain that the holding(s) remain in the hands
of the taxpayer.
For each company, an enquiry is sent to the company secretary
for the numbers of the share certificates.
The addresses of quoted company registered offices can be
found in the Stock Exchange Year Book or in Shares and Assets
Valuation (SAV) Library. SAV should be asked to provide the present
addresses of the registered offices of unquoted companies. If the
unquoted companies are in Scotland, enquires should be made of IHT
Edinburgh.
A similar enquiry may be made to the Bank of England but they
may reply that they are unable to supply the information. It is
usually better to obtain the deceased’s tax papers (or the
Trust Folder for a settled fund) which may contain interest warrant
counterfoils that should provide the necessary details.
When details have been obtained, a memo to Solicitor’s
Office should request that a stop notice be placed on the shares.
Solicitor’s Office will prepare an Affidavit (and Notice) for
swearing by the Debt Management & Banking B2. This will then be
served on the company by Solicitor’s Office.
As soon as IHT is advised of service, you must inform the
taxpayer and/or their agents.
