IHT - Foreign company shares PET

Mothman

My elderly mother has recently gifted me some shares in a Canadian company but unfortunately due to health issues it is unlikely she will live another 7yrs and so they may still form part of her estate.

For eventual IHT purposes can anyone advise if I should keep a record of the value of the shares at the date they were gifted or would their future value at the date of her passing be used when calculating the value of the estate? Also as the shares are in a foreign currency do HMRC have a preferred exchange rate database that should be used for the currency conversion.

Thanks

Keep_pedalling

The value of the gift for IHT purposes is the value on the date they were gifted at the exchange rate on the day of the gift.

Mothman

Many thanks for the clarification, I will obtain the relevant data for when needed.