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

Personal Tax

Payment of the remittance basis charge

Payment of the remittance basis chargeRemittance basis chargeThe remittance basis charge is an annual charge payable by ‘long-term’ UK residents for the privilege of claiming the remittance basis.Taxpayers who wish to utilise the remittance basis (but do not qualify for it automatically) must pay

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

Carried-forward losses restriction

Carried-forward losses restrictionOverview of the carried-forward loss restrictionAn important restriction in the use of losses carried forward was introduced by Finance (No 2) Act 2017. Subject to a de minimis of £5m (known as the deductions allowance), most carried-forward losses are restricted to

14 Jul 2020 11:09 | Produced by Tolley Read more Read more
Personal Tax

Married couple’s allowance

Married couple’s allowanceThe married couple’s allowance (MCA) is only available if one of the two spouses or civil partners was born before 6 April 1935. This means that one member of the couple must be at least 89 years old on 5 April 2024 to qualify for an allowance in the 2023/24 tax year.There

14 Jul 2020 12:13 | Produced by Tolley Read more Read more