I4.114 Valuation of estate on death

IHT, trusts and estates

I4.114 Valuation of estate on death

I4.114 Valuation of estate on death

In general, the value of a deceased person's estate immediately before his death is ascertained in the same way as at any other time (see I8.102) but the IHT legislation makes a number of modifications to the valuation rules to take account of the fact that death itself often affects the value of a person's property.

A change in the value of the estate of a deceased person which has occurred by reason of the death is taken into account as if it had occurred before the death, if it is:


    (a)     an addition to

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