IHT - Shares in family run company

[SYR]

Mother transfer 50% share to son in 2014/15 - claim for hold-over relief was filed with her tax return.

Mother passed away in Jun 2018 -

Could you please confirm the followings:
No CGT - Correct?
No IHT - Correct?

Does a value of the shares need to be disclose in "Probate"?

Many thanks for any comments.

[pawncob]

Well, no CGT until you dispose of shares.
IHT position depends on whether the business qualifies for relief. If not, then shares form part of estate and are (possibly) taxable (at a lower rate)

[AGoodman]

The shares will need to qualify for BPR at both the time of the gift and the death.

[SYR]

Thank you AGoodman & pawncob

The shares qualify for BPR.