I8.377 Cash

Cash, and money on deposit or in a current account with a bank, building society, etc or held uninvested in an ISA should be taken at its face value, plus any interest, net of basic rate income tax, accrued to the date of valuation1. Sterling traveller's cheques are valued at face value. Foreign currency traveller's cheques should be converted into sterling using the closing mid-rate at the date of death2. Any other rights of a depositor must be taken into account, such as a prospective right to shares on the prospective conversion of a building society into a

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