Will try to keep this as simple as possible
i am the executor of a will for a relative whom has passed away and left myself and three other people a £300k house, £200k money and it turns out they had £2.15m shares in a company on the london stock exchange. total value of £2.65 million
Im told by a solicitor that the first £650,000 is tax free due to the fact the relatives partner who also passed away 10 years prior didnt use any of her allowance.
Is there a best practice when it comes to inheritance tax on shares?. is it best to sell them and split the money 4 ways or split the shares