IHTM18024 - PC&S share checks: foreign shares

The taxpayer should usually declare foreign shares on an IHT417, but they are may be included on the IHT411 AND IHT412. PC&S will check their values wherever they are declared.

PC&S(This text has been withheld because of exemptions in the Freedom of Information Act 2000)

PC&S will check all other foreign shares against the Stock Exchange Daily Official List (SEDOL) (IHTM18092) and advise you of any amendments. If they are not listed, or if there is no price listed, PC&S will flag them ’SV(F)’:

“SAV(F)” flagged listed shares

• Refer any such shares which appear to be listed to Shares and Asset Valuation (Foreign) to check the values. Refer by form 516(IHTM18080) where appropriate, or form SV24 in IHT:Edinburgh.
• If any amendments to shares are above de minimis limits (IHTM18042), inform the taxpayer of the appropriate amendments to the values offered and re-assessas appropriate.

“SAV(F)” flagged unlisted shares

• Refer any unlisted foreign shares to Shares and Asset Valuation (Foreign) on form Val70 (IHTM18151). These may be shown separately on schedule IHT417.