IHTM18270 - Unlisted shares: instalments

Where the option to pay tax by instalments ( IHTM30191) has been exercised in respect of unlisted shares or securities, Shares and Assets Valuation will advise

• whether the instalment option is appropriate in respect of the holding under the conditions laid down in IHTA84/S228 (a) and (d) and
• whether "interest-free" ( IHTM30363) instalments are permissible given of the nature of the business carried on by the company - IHTA84/S234 (2)

SAV will also advise immediately in any case where the instalment option has been exercised but is clearly inappropriate.

If instalments have been claimed but SAV have not commented on this point in their progress reports ( IHTM18211) or Val50 ( IHTM18261), refer back to them for clarification.