Inheritance tax and quoted securities

Where an estate includes quoted securities and they are sold within a 12-month period after the death, the value, if less, can be substituted.

The list of recognised stock exchanges has been updated and the following have been added:

• With effect from 25 April 2013 the ICAP Securities & Derivatives Exchange Ltd (ISDX) 

• With effect from 18 January 2013 the European Wholesale Securities Market 

A full list of recognised stock exchanges and details of interaction with other tax areas can be found on the HMRC website.