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

HMRC internal manual

Inheritance Tax Manual

From
HM Revenue & Customs
Updated
, see all updates

Loss on sale of land: contents

Summary
  1. IHTM33001
    Summary
Loss on sale of land
  1. IHTM33010
    Background
  2. IHTM33011
    Outline of the relief
  3. IHTM33012
    Claiming the relief
  4. IHTM33013
    Disadvantageous claim
Procedures
  1. IHTM33022
    Procedures: Issuing form IHT 38
  2. IHTM33023
    Procedures: Who is responsible for dealing with a claim for relief
  3. IHTM33026
    Procedures: Claims to substitute a higher sale value within three years of death
  4. IHTM33031
    Procedures: Has form IHT 38 been completed correctly?
  5. IHTM33033
    Procedures: Checking form IHT 38
  6. IHTM33034
    Procedures: What you should do if any of the questions on form IHT 38 are answered 'Yes'
  7. IHTM33035
    Procedures: Valuation Office Agency (VOA) referrals
  8. IHTM33036
    Procedures: Referrals to Technical
  9. IHTM33041
    Procedures: Raising enquiries
  10. IHTM33043
    Procedures: What you should do when the relief is agreed
  11. IHTM33044
    Procedures: Provisional relief
  12. IHTM33045
    Procedures: Finalising the relief
  13. IHTM33046
    Procedures: Notifying tax offices of revised values
Appropriate person
  1. IHTM33050
    Appropriate person: Definition
Interest in land
  1. IHTM33061
    Interest in land: Definition
  2. IHTM33062
    Interest in land: Unadministered estates
  3. IHTM33063
    Interest in land: Partnership interests
Sales
  1. IHTM33071
    Sales: Date of sale or purchase
  2. IHTM33072
    Sales: Sale price
  3. IHTM33073
    Sales: Sale value
  4. IHTM33074
    Sales: Sales in the fourth year after death
Sales excluded from relief
  1. IHTM33081
    Sales: Sales excluded from relief: Non qualifying sales
  2. IHTM33082
    Sales: Sales excluded from relief: Examples of qualifying and non-qualifying sales
  3. IHTM33083
    Sales: Sales excluded from relief: Small changes in value
  4. IHTM33090
    Sales: Sales excluded from relief: More than one interest in land sold
  5. IHTM33091
    Sales: Sales excluded from relief: Compulsory purchase
Value on death
  1. IHTM33100
    Value on death: Meaning
Adjustments to sale price
  1. IHTM33111
    Adjustments to sale price: Introduction
Changes in the interest or underlying land
  1. IHTM33121
    Changes in the interest or underlying land: General
  2. IHTM33122
    Changes in the interest or underlying land: Where revaluation is for less than the death value
  3. IHTM33123
    Changes in the interest or underlying land: Where revaluation is for more than the death value
  4. IHTM33124
    Changes in the interest or underlying land: Structurally unsound property
  5. IHTM33130
    Changes in the interest or underlying land: Statutory compensation received
  6. IHTM33131
    Changes in the interest or underlying land: Leases
  7. IHTM33132
    Changes in the interest or underlying land: Valuation with, and sale without, other land
Non-qualifying sales
  1. IHTM33141
    Non-qualifying sales: General rule for adjusting sale price
  2. IHTM33142
    Non-qualifying sales: Exceptions to the rule for adjusting the price
  3. IHTM33150
    Non-qualifying sales: Exchanges
Purchases
  1. IHTM33161
    Purchases: Background
  2. IHTM33162
    Purchases: Formula used for adjusting the sale price
  3. IHTM33163
    Purchases: Example of how to adjust the sale price
  4. IHTM33170
    Purchases: Agricultural relief (AR) and business relief (BR)
Calculating the loss on a sale of joint property
  1. IHTM33181
    Calculating the loss on a sale of joint property: General
  2. IHTM33182
    Calculating the loss on a sale of joint property: Disadvantageous claim