You may need to make an adjustment to the market value (
IHTM14626) where the transferred
property is an interest in land (which does not include a mortgage
or similar right in view of IHTA84/S140 (1)) and some change takes
place between the date of the chargeable transfer and the date of
death of sale, either in the interest itself or in the underlying
land.
This includes for example, the grant of a lease, the
demolition or erection of a building, or the extraction of
minerals.
The following sections provide more detail.
