IHTM33083 - Sales excluded from relief: small changes in value

IHTA84/S191 (2) excludes an interest in land from relief whether the sale results in a loss or gain, if the difference between the value on death and the sale value ( IHTM33073) is less than

• £1000 or
• 5% of the value on death

whichever is the lower.

If a claim is made where the loss or gain is below these limits you should tell the taxpayers that no relief is available.