Commentary

I4.305 Loss on sale of shares — payment of calls

IHT, trusts and estates

I4.305 Loss on sale of shares — payment of calls

I4.305 Loss on sale of shares — payment of calls

There is provision for the situation where at any time after the death (whether during or after the expiry of the period of 12 months immediately following the date of the death) the appropriate person pays an amount in pursuance of a call in respect of any qualifying investments comprised in the deceased's estate immediately before his death, and those investments are sold by the appropriate person within the 12 month period.

For the purposes of the relief1 the amounts so paid are added to the value at the date

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