Beta This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Inheritance Tax Manual

Reconsideration by taxpayers: land and buildings

Where an increase in value is offered follow the instructions at (IHTM30432).

In small cases, where a reference has not previously been made to the VOA (IHTM23002) and the taxpayers offer tax on the sale price of real or leasehold property included in the IHT400 at a lower figure, the sale price can be accepted.  This is subject to confirmation that the sale was for full consideration and not made to a connected person.