Beneficiary taking shares as part of Residuary gifts - What value?

I have a residuary beneficiary who is considering taking a shareholding held by the deceased as part of his legacy in the Estate. It is not a taxable estate, and the value is not more than £2k.
Simple question really - what value is taken of the shareholding? Is it date of death value, or date of distribution, or even date the Estate Accounts are approved?

I just can’t find authority to show the beneficiaries and the Executor, to avoid arguments (this is quite a likely scenario!)

Many thanks

For the purposes of distributing the estate, the value of the shares will be their value as at the date of appropriation – applying Re Charteris 1917.

However, for CGT purposes, they will acquire as “legatee” at the date of death value (s.62(4) TCGA 1992).

Paul Saunders FCIB TEP

Independent Trust Consultant

Providing support and advice to fellow professionals

Many thanks for this Paul