Good day,I want to confirm if the annual exemption and nil rate band(325000) applies to the gift of shares to someone. For example, On 9September,2020 Jimmy gave 200 shares valued at £5 each in J Ltd, an unquoted investment company to his daughter .Before the gift, Jimmy owned 5,100 shares valued at £30 each in J Ltd. After the gift Jimmy owned 4,900 shares valued a t£20 each in J Ltd.