A holding in a private company has no market price, so it has to be valued, and the reliefs depend on the result.
What this covers
Quoted shares are valued from the market on the date of death. An unquoted holding is not, and valuing a minority stake in a family company is a specialist exercise that HMRC scrutinises.
Common questions
Does business property relief apply automatically?
No. It has to be claimed and evidenced, and it depends on what the business does and how long the holding was owned.
