Related Commentary  Related HMRC Manuals

640(1)  In relation to a transfer with accrued interest or transfer without accrued interest of securities that form part of a deceased person's estate, the deceased's personal representatives are an excluded transferor or excluded transferee unless the nominal value of securities held by the deceased's personal representatives as such exceeds £5,000 on any day–

(a)in the tax year in which the interest period ends, or

(b)in the previous tax year.

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