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IHTM33142 | Loss on sale of land: non-qualifying sales: exceptions to the rule for adjusting the price

From HM Revenue & Customs · Inheritance Tax Manual

There is no provision under IHTA84/S196 for taking into account a non-qualifying sale

  • where the sale price (IHTM33072) is less than the value on death (IHTM33100), (where a loss is made) or

  • where the sale takes place in the fourth year after death (IHTM33074) for more than the date of death value.