Commentary

I4.308 Loss on sale of shares — purchase before sale

IHT, trusts and estates

I4.308 Loss on sale of shares — purchase before sale

I4.308 Loss on sale of shares — purchase before sale

There is provision1 for the situation where the appropriate person acquires, by purchase or otherwise (but not reorganisations — I4.307), investments which are of the same description as one of the holdings of qualifying investments comprised in the estate of the deceased immediately before his death and subsequently, but within the period of 12 months immediately following the date of the death in question, he sells investments of that description.

As to investments of the same description, see I4.302.

The investments so sold are identified by apportionment between those comprised in the

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