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HMRC internal manual

Inheritance Tax Manual

From
HM Revenue & Customs
Updated
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Other assets due to the deceased: compulsory acquisition of land

You should not normally consult the Valuation Office Agency (VOA) (IHTM23002) if either

  • a notice to treat (or deemed notice to treat) had been served and a price fixed before the valuation date for inheritance tax purposes, or
  • the acquiring authority had entered on the land under statutory powers and a price had not been fixed by the valuation date.

You should refer any case where the amount of compensation (of which the value of land is a component) was not agreed by the valuation date to the Technical Actuarial Team.