Valuations for inheritance tax - Parts 1 and 2
Jones, I.
Valuations for inheritance tax - Parts 1 and 2 - 1988 - Journal of Valuation 6(1) 1988, 7-15(9) .
The valuation of interest in land for inheritance tax purposes may be relatively straightforward open market valuation as at the date of death, or they may not. Part 1 examines the situation regarding lifetime transfers which may come into account due to the death of the donor occurring within seven years of making the gift, and develops a strategy for valuers wishing to maximise use of the reliefs available. The second part examines the situation regarding sales within three years of death and develops the theme that neither party need accept the price achieved on sale as being representative of the value on death. Photocopy not available
INHERITANCE TAX ACT 1984
Valuations for inheritance tax - Parts 1 and 2 - 1988 - Journal of Valuation 6(1) 1988, 7-15(9) .
The valuation of interest in land for inheritance tax purposes may be relatively straightforward open market valuation as at the date of death, or they may not. Part 1 examines the situation regarding lifetime transfers which may come into account due to the death of the donor occurring within seven years of making the gift, and develops a strategy for valuers wishing to maximise use of the reliefs available. The second part examines the situation regarding sales within three years of death and develops the theme that neither party need accept the price achieved on sale as being representative of the value on death. Photocopy not available
INHERITANCE TAX ACT 1984