Like other property, listed investments have to be valued for
IHT purposes at the price they would fetch in the open market (
The general valuation rule is that you will apply the price shown in the relevant Stock Exchange list. This reflects
The value is the gross sale price, without deducting brokerage
or stamp duty charges.
The appropriate value is that ascertained as at the date of death (IHTA84/S4 (1)), notwithstanding that the price may have risen or fallen before the investments could actually be sold. Loss on sale of shares relief ( IHTM34001) may however be available on losses made within one year of death.