There are special rules for valuing property (
IHTM04030) that is included in an
IHTM04029) if there is other property
that is ‘related’ to it, IHTA84/S161. The rules apply
where, if by valuing the property together, you get a higher value
than by the normal method of valuation.
Broadly speaking, related property ( IHTM09733) is property that is in
The rules apply to both lifetime transfers and transfers on
If property in the death estate is valued by the related property rule and is then sold for a lower amount ( IHTM09751) within 3 years of death, the taxpayer may be able to claim relief, IHTA84/S176.