1078. Sale of related property within three years of death: relief.

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