The global stock market upheaval following the imposition of wide-ranging tariffs by the US President may offer executors of estates an opportunity to mitigate Inheritance Tax (IHT) through a less well known but long-standing tax relief.
In articles for multiple publications including The Times and Sunday Express, Partner Judith Millar explains how when publicly traded stocks and shares are later sold at a lower value, executors can claim what is called “loss on sale relief”.
“This relief effectively allows the executors of an estate to substitute the actual sale price for the higher date of death valuation. It is a potentially valuable relief when stock markets fall, resulting in the option to claim a refund of IHT already paid.”
Judith Millar
Partner
Read the full articles on The Times, Sunday Express, GB News, MSN, London News Desk, City News and Always Finance websites.
