This restriction applies if only part of the holding is comprised in the deceased’s estate. The loss on sale, restricted as necessary, is deducted from the value of the entirety of the investments. The resulting figure is then apportioned according to the values of
A trust fund comprises 1,000 B plc shares, valued immediately
before death at £4,000. Of this 250 shares with a value of
£1,000 is comprised in the deceased’s estate.
Two months after the death the holding is sold for £3,000. The overall loss on sale is £1,000 and the value of the entirety of the holding after relief becomes £3,000.
The value of that part of the holding comprised in the estate is revised to
|3000||x 1000||= £750|