178 Preliminary
Inheritance Tax Act 1984 (1984 c 51) | Legislation

Chapter III
Sale of Shares etc from Deceased's Estate

178 Ìý±Ê°ù±ð±ô¾±³¾¾±²Ô²¹°ù²â

(1)     In this Chapter—

“the appropriate personâ€, in relation to any qualifying investments comprised in a person's estate immediately before his death, means the person liable for inheritance tax attributable to the value of those investments or, if there is more than one such person, and one of them is in fact paying the tax, that person;

“the loss on sale†means the amount determined in accordance with section 179(1) below;

“qualifying investments†means (subject to subsection (2) below) shares or securities which [are quoted at the date of the death in question],

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