IHTM31012 - Assessment principles: assessment groups

The property within each Entry ( IHTM31011) is divided into assessment groups. The three types are

• NIOP non-instalment option property – essentially personal property
• IOP instalment option property – land and business interests
• IOP(WIR) instalment option property, with interest relief – land and business assets qualifying for interest relief

The payments section of this manual will advise you when instalments ( IHTM30191) and interest relief ( IHTM30363) may apply.

You can have more than one ( IHTM31133) IOP or IOP (WIR) assessment group within an Entry. You can have numerous NIOP groups if you are assessing manually, but only one per Entry on COMPASS ( IHTM31101).