A client has sold shares inherited from her husband’s estate. I have a draft valuation report for the date of death which is a lot more than the amount received upon sale so am asking for HMRC to confirm the valuation to realise a capital loss.
I am trying to find out if the draft value was used for probate. Is it necessary to value shares in an unquoted company if they are inherited by a spouse?
I don’t have access to the probate documents and the wife is too drowned in admin to help. If one would have been included in the estate then I will pursue so any assistance would be helpful. Otherwise I will have to send the draft valuation even if it wasn’t used.