Inheritance Tax Manual

IHTM27122 - Foreign property: inscribed and registered securities: branch registers

Remember that all UK sited assets are subject to Inheritance Tax. This includes most UK sited shares unless they are excluded property (IHTM04151)

If a company has more than one register, and any changes must be recorded on one of the registers, the relevant securities are sited in the place where that register is required by law to be kept - not in the place of the head office of the company

In Brassard v Smith [1925] AC 371. 바카라 사이트˜The true test바카라 사이트™, per Lord Dunedin, at p 376, is 바카라 사이트˜where could the shares be effectively dealt with?바카라 사이트™ The last three words were explained by Viscount Maughan in R v Williams [1942] AC 541 at p 558 as meaning 바카라 사이트˜effectively dealt with as between the shareholder and the company, so that the transferee will be legally entitled to all the rights of a member.바카라 사이트™