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Contents

Official guidance
Inheritance Tax Manual

IHTM33000 · Loss on sale of land

  • IHTM33001 · Summary
  • IHTM33010 · Background
  • IHTM33011 · Outline of the relief
  • IHTM33012 · Claiming the relief
  • IHTM33013 · Disadvantageous claim
  • IHTM33022 · Procedures: issuing form IHT38
  • IHTM33023 · Procedures: who is responsible for dealing with a claim for relief?
  • IHTM33026 · Procedures: claims to substitute a higher sale value within three years of death
  • IHTM33031 · Procedures: has form IHT38 been completed correctly?
  • IHTM33033 · Procedures: checking form IHT38
  • IHTM33034 · Procedures: what you should do if any of the questions on form IHT38 are answered 'Yes'
  • IHTM33035 · Procedures: Valuation Office Agency (VOA) referrals
  • IHTM33036 · Procedures: referrals to Technical
  • IHTM33041 · Procedures: raising enquiries
  • IHTM33043 · Procedures: what you should do when the relief is agreed
  • IHTM33044 · Procedures: provisional relief
  • IHTM33045 · Procedures: finalising the relief
  • IHTM33046 · Procedures: notifying tax offices of revised values
  • IHTM33050 · Appropriate person: definition
  • IHTM33061 · Interest in land: definition
  • IHTM33062 · Interest in land: unadministered estate
  • IHTM33063 · Interest in land: partnership interests
  • IHTM33071 · Sales: date of sale or purchase
  • IHTM33072 · Sales: sale price
  • IHTM33073 · Sales: sale value
  • IHTM33074 · Sales: sales in the fourth year after death
  • IHTM33081 · Sales excluded from relief: non-qualifying sales
  • IHTM33082 · Sales excluded from relief: examples of qualifying and non-qualifying sales
  • IHTM33083 · Sales excluded from relief: small changes in value
  • IHTM33090 · Sales excluded from relief: more than one interest in land sold
  • IHTM33091 · Sales excluded from relief: compulsory purchase
  • IHTM33100 · Value on death: meaning
  • IHTM33111 · Adjustments to sale price: introduction
  • IHTM33121 · Changes in the interest or underlying land: general
  • IHTM33122 · Changes in the interest or underlying land: where revaluation is for less than the death value
  • IHTM33123 · Changes in the interest or underlying land: where revaluation is for more than the death value
  • IHTM33124 · Changes in the interest or underlying land: structurally unsound property
  • IHTM33130 · Changes in the interest or underlying land : statutory compensation received
  • IHTM33131 · Changes in the interest or underlying land: leases
  • IHTM33132 · Changes in the interest or underlying land: valuation with, and sales without, other land
  • IHTM33141 · Non-qualifying sales: general rule for adjusting sale price
  • IHTM33142 · Non-qualifying sales: exceptions to the rule for adjusting the price
  • IHTM33150 · Non-qualifying sales: exchanges
  • IHTM33161 · Purchases: background
  • IHTM33162 · Purchases: formula used for adjusting the sale price
  • IHTM33163 · Purchases: example of how to adjust the sale price
  • IHTM33170 · Purchases: agricultural relief (AR) and business relief (BR)
  • IHTM33181 · Calculating the loss on a sale of joint property: general
  • IHTM33182 · Calculating the loss on a sale of joint property: disadvantageous claim
  1. Loss on sale of land: contents
  2. Loss on sale of land: value on death: meaning

IHTM33100 | Loss on sale of land: value on death: meaning

From HM Revenue & Customs · Inheritance Tax Manual

‘Value on death’ means the value for tax purposes before any adjustments

  • under the loss on sale of land provisions, IHTA84/S190 -198, or

  • under IHTA84/S176 (relief for sales of related property (IHTM09752).

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