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Home / Simons-Taxes /IHT, trusts and estates /Part I9 Foreign element /Division I9.4 Locality (situs) of assets for IHT /Situs of shares and securities for IHT / I9.412 Situs of bearer shares and securities for IHT
Commentary

I9.412 Situs of bearer shares and securities for IHT

IHT, trusts and estates

Bearer shares allow the legal ownership of a company to be transferred from one person to another without the need to change the ownership details on the issuing company's register of members.

No new bearer shares can be issued by UK companies since 26 May 2015 and those in issue had to be surrendered within nine months

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