Commentary

I4.321 Relief on sales of related property

IHT, trusts and estates

I4.321 Relief on sales of related property

Loss on sale of related property and alteration of share capital

I4.321 Relief on sales of related property

Relief is available under IHTA 1984, s 176 in certain circumstances if, after a death, property comprised in an estate is sold and the property was valued on death as 'related property' under IHTA 1984, s 161 (see I8.241–I8.244) or was valued in conjunction with other property in the estate, for example, where a deceased person held property absolutely which is valued in connection with property held on trusts under which he had a qualifying interest in possession (QIIP — see

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