Sale of property valued with other property from a deceased estate
Trusts and Inheritance Tax
Guidance
This guidance note explains the inheritance tax relief available where assets have been valued together with other property in a deceased estate and are subsequently sold for less than that value. This would include property valued as related property and property valued together with property in a qualifying interest in possession settlement.
Valuation of assets valued together with other assets
Relief is available where assets have been valued together with other assets and on a subsequent sale a lower valuation is realised. This happens in two situations, outlined below.
Related property
Assets are valued together where the related property rules apply. A person's property is related to that of their spouse and to property which they have gifted to a charity in the previous five years. See the Valuation of property guidance note for further details.
Other assets charged to IHT on death held under another title
Assets in the deceased’s free estate are valued together with any of the same assets held in a qualifying
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