Commentary

I4.315 Loss on sale of land — valuation by reference to other interests

IHT, trusts and estates

I4.315 Loss on sale of land — valuation by reference to other interests

I4.315 Loss on sale of land — valuation by reference to other interests

If, in determining the value on death of any interest to which the claim for loss relief (I4.312) relates, any other interests, whether in the same or other land, were taken into account, an addition is made to the sale price of the interest.

The amount of the addition is equal to the difference between the value on death of the interest and what would have been the value on death if no other interests had been taken into account1.

The intention seems to be to prevent relief

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