Sale of property valued with other property from a deceased estate

Copyright © 2026 LexisNexis
Produced by a Tolley Trusts and Inheritance Tax expert
Trusts and Inheritance Tax
Guidance

Sale of property valued with other property from a deceased estate

Copyright © 2026 LexisNexis
Produced by a Tolley Trusts and Inheritance Tax expert
Trusts and Inheritance Tax
Guidance
imgtext

This guidance note explains the inheritance tax relief available where assets have been valued together with other property in a deceased estate and are subsequently sold for less than that value. This would include property valued as related property and property valued together with property in a qualifying interest in possession settlement.

Valuation of assets valued together with other assets

Relief is available where assets have been valued together with other assets and on a subsequent sale a lower valuation is realised. This happens in two situations, outlined below.

Related property

Assets are valued together where the related property rules apply. A person's property is related to that of their spouse and to property which they have gifted to a charity (or other specified body) in the previous five years. See the Valuation of property guidance note for further details.

Other assets charged to IHT on death held under another title

Assets in the deceased’s free estate are valued together with any of the same assets

Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, generative tax AI, and tax research, register for a free trial of Tolley+™
TAKE A FREE TRIAL NOW
Powered by Tolley+™
  • 14 Nov 2025 16:20

Home/ Tolley Tax Guidance/ Trusts and Inheritance Tax / Advising on estates — IHT

Popular Articles

Value Added Tax

Payments on account (POA)

Payments on account (POA)This guidance note provides and overview of the payments on account regime (POA). More in depth commentary can be found in De Voil Indirect Tax Service V5.110.What are payments on account?VAT registered businesses with an annual VAT liability of more than £2.3m are required

14 Jul 2020 12:52 | Produced by Tolley Read more Read more
Employment Tax

Payroll record keeping

Payroll record keepingUnder SI 2003/2682, reg 97, “...an employer must keep, for not less than 3 years after the end of the tax year to which they relate, all PAYE records which are not required to be sent to [HMRC]...”. Reasons for keeping the records include:•being able to calculate tax and

14 Jul 2020 12:52 | Produced by Tolley in association with Ian Holloway Read more Read more
Personal Tax

Enterprise management incentive schemes

Enterprise management incentive schemesWhat is an enterprise management incentive (EMI) scheme?The enterprise management incentive (EMI) scheme is a tax-advantaged share option employee incentive scheme aimed at small entrepreneurial companies that meet certain conditions. It is designed to assist

14 Jul 2020 11:36 | Produced by Tolley Read more Read more
tag-icon Autumn Budget 2025