Revaluation relief is given where any property ('the property concerned') sold by a qualifying sale1 within three years after the death of any person, was comprised in his estate immediately before his death and was valued for the purposes of inheritance tax either:
(1) under the provisions relating to the valuation of related property2; or
(2) in conjunction with property which was also comprised in the estate but has not at any time since the death been vested in the vendors
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