Commentary

I8.206 The time of the sale

IHT, trusts and estates

I8.206 The time of the sale

I8.206 The time of the sale

For estate duty purposes the sale was deemed to take place 'at the moment of death'1, whether or not this would have been possible. It was also assumed that all the preliminary arrangements had been made before the time of death to enable the sale to take place.

IHT is not only concerned with the value on death, but the wording of IHTA 1984, s 160 brings valuations for IHT within the same basic rule that the property has to be valued based on what it would fetch on a sale on the date of

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