Commentary

I3.369 Fall in value relief—other property

IHT, trusts and estates

I3.369 Fall in value relief—other property

I3.369 Fall in value relief—other property

The legislation contains special provisions explained above (see I3.365–I3.367), designed to ensure that with respect to shares and securities and interests in land the relief is not abused by artificial reductions in value between the date of the chargeable transfer and the relevant date. The relief is available only so far as a fall in value reflects market conditions. IHTA 1984, s 139 applies in the same way to other property.

When such property is transferred by a lifetime transfer (see I3.361), unless the transferred property was the same in all respects at the time

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