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HMRC internal manual

Inheritance Tax Manual

HM Revenue & Customs
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Special valuation matters: related property

Where the related property (IHTM09731) provisions under IHTA84/S161 ) apply to an interest in property which needs to be valued, when completing VOA 1 or VOA 2 you must indicate clearly in the appropriate part of the joint property box

  • that the related property provisions apply,


  • the share to be valued (for example if the property is owned jointly by the deceased and their spouse or civil partner (IHTM11032) you should indicate that the share to be valued is the entirety)