IHTM33000 – Loss on sale of land: contents


Summary

Loss on sale of land

Procedures

Appropriate person

Interest in land

Sales

Adjustments to sale price

Calculating the loss on a sale of joint property

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IHTM33001Summary

Click here to return to topLoss on sale of land

IHTM33010Background
IHTM33011Outline of the relief
IHTM33012Claiming the relief
IHTM33013Disadvantageous claim

Click here to return to topProcedures

IHTM33021Key stages in dealing with a loss on sale of land (chart)
IHTM33022Issuing form IHT 38
IHTM33023Who is responsible for dealing with a claim for relief
IHTM33025Identifying cases where you do not need to consider a claim for relief (chart)
IHTM33026Claims to substitute a higher sale value within 3 years of death
IHTM33030Checking that the claim has been correctly made (chart)
IHTM33031Has form IHT 38 been completed correctly?
IHTM33032Checking the relief claimed on form IHT 38 (chart)
IHTM33033Checking form IHT 38
IHTM33034What you should do if any of the questions on form IHT 38 are answered 'Yes'
IHTM33035Valuation Office Agency (VOA) referrals
IHTM33036Referrals to Technical Group (TG)
IHTM33040Agreeing the claim for relief (chart)
IHTM33041Raising enquiries
IHTM33042Giving and finalising the relief (chart)
IHTM33043What you should do when the relief is agreed
IHTM33044Provisional relief
IHTM33045Finalising the relief
IHTM33046Notifying tax offices of revised values

Click here to return to topAppropriate person

IHTM33050Appropriate person

Click here to return to topInterest in land

IHTM33061Definition
IHTM33062Unadministered estates
IHTM33063Partnership interests

Click here to return to topSales

IHTM33071Date of sale or purchase
IHTM33072Sale price
IHTM33073Sale value
IHTM33074Sales in the fourth year after death

Sales excluded from relief

IHTM33081Non qualifying sales
IHTM33082Examples of qualifying and non-qualifying sales
IHTM33083Small changes in value

 

IHTM33090More than one interest in land sold
IHTM33091Compulsory purchase

Click here to return to topAdjustments to sale price

IHTM33111Introduction

Changes in the interest or underlying land:

IHTM33121General
IHTM33122Where revaluation is for less than the death value
IHTM33123Where revaluation is for more than the death value
IHTM33124Structurally unsound property

 

IHTM33130Statutory compensation received
IHTM33131Leases
IHTM33132Valuation with, and sale without, other land

Non-qualifying sales

IHTM33141General rule for adjusting sale price
IHTM33142Exceptions to the rule for adjusting the price

 

IHTM33150Exchanges

Purchases

IHTM33161Background
IHTM33162Formula used for adjusting the sale price
IHTM33163Example of how to adjust the sale price

 

IHTM33170Agricultural relief (AR) and business relief (BR)

Click here to return to topCalculating the loss on a sale of joint property

IHTM33181General
IHTM33182Disadvantageous claim

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