Inheritance Tax paid from share sale

[JohnWGsy]

We are about to submit papers to HMRC in respect of Inheritance Tax following the death of both of our parents last year. The amount of tax to be paid is £1,500k of which £1,200k must be generated from sale of shares.Given the recent unprecedented fall in share values, approx 33% since date of death, we need to sell an additional 47% of shares to meet the tax demanded. On completion of 1 year from date of death we will be entitled to recover overpayment of tax, estimated at approx £475k, but the shareholding will already be lost. Are there grounds for negotiation with HMRC, say to defer payment of £475k until expiry of the 1 year?

[wcampbell]

Hi, I'm offering a free consultation on anything related to wills and probate. Please feel free to book an over the phone consultation with me by clicking on this*
link:*
https://calendly.com/wcampbell-3* Or you can chat with me live by going to my website: will-trusts-probate.co.uk* my email address is wcampbell@will-trusts-probate.co.uk I'll be more than happy to assist and answer all of your questions.I'm a certified estate planner, probate specialist and legal secretary and I work with a law firm called APS Legal.
*