IHTM33000 – Loss on sale of land: contents
Calculating the loss on a sale of joint property
Summary
| IHTM33001 | Summary |
Loss on sale of land
| IHTM33010 | Background |
| IHTM33011 | Outline of the relief |
| IHTM33012 | Claiming the relief |
| IHTM33013 | Disadvantageous claim |
Procedures
| IHTM33021 | Key stages in dealing with a loss on sale of land (chart) |
| IHTM33022 | Issuing form IHT 38 |
| IHTM33023 | Who is responsible for dealing with a claim for relief |
| IHTM33025 | Identifying cases where you do not need to consider a claim for relief (chart) |
| IHTM33026 | Claims to substitute a higher sale value within 3 years of death |
| IHTM33030 | Checking that the claim has been correctly made (chart) |
| IHTM33031 | Has form IHT 38 been completed correctly? |
| IHTM33032 | Checking the relief claimed on form IHT 38 (chart) |
| IHTM33033 | Checking form IHT 38 |
| IHTM33034 | What you should do if any of the questions on form IHT 38 are answered 'Yes' |
| IHTM33035 | Valuation Office Agency (VOA) referrals |
| IHTM33036 | Referrals to Technical Group (TG) |
| IHTM33040 | Agreeing the claim for relief (chart) |
| IHTM33041 | Raising enquiries |
| IHTM33042 | Giving and finalising the relief (chart) |
| IHTM33043 | What you should do when the relief is agreed |
| IHTM33044 | Provisional relief |
| IHTM33045 | Finalising the relief |
| IHTM33046 | Notifying tax offices of revised values |
Appropriate person
| IHTM33050 | Appropriate person |
Interest in land
| IHTM33061 | Definition |
| IHTM33062 | Unadministered estates |
| IHTM33063 | Partnership interests |
Sales
| IHTM33071 | Date of sale or purchase |
| IHTM33072 | Sale price |
| IHTM33073 | Sale value |
| IHTM33074 | Sales in the fourth year after death |
Sales excluded from relief
| IHTM33081 | Non qualifying sales |
| IHTM33082 | Examples of qualifying and non-qualifying sales |
| IHTM33083 | Small changes in value |
| IHTM33090 | More than one interest in land sold |
| IHTM33091 | Compulsory purchase |
Adjustments to sale price
| IHTM33111 | Introduction |
Changes in the interest or underlying land:
| IHTM33121 | General |
| IHTM33122 | Where revaluation is for less than the death value |
| IHTM33123 | Where revaluation is for more than the death value |
| IHTM33124 | Structurally unsound property |
| IHTM33130 | Statutory compensation received |
| IHTM33131 | Leases |
| IHTM33132 | Valuation with, and sale without, other land |
Non-qualifying sales
| IHTM33141 | General rule for adjusting sale price |
| IHTM33142 | Exceptions to the rule for adjusting the price |
| IHTM33150 | Exchanges |
Purchases
| IHTM33161 | Background |
| IHTM33162 | Formula used for adjusting the sale price |
| IHTM33163 | Example of how to adjust the sale price |
| IHTM33170 | Agricultural relief (AR) and business relief (BR) |
Calculating the loss on a sale of joint
property
| IHTM33181 | General |
| IHTM33182 | Disadvantageous claim |
