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HMRC internal manual

Inheritance Tax Manual

Loss on sale of land: sales: sale value

‘Sale value’ is defined as the sale price increased or reduced under the sale of land provisions, IHTA84/S190 -198.

Where an interest in land is sold for less than the best consideration that could reasonably have been obtained for it at the time of the sale, the amount of that best consideration replaces the actual sale price for Inheritance Tax purposes (IHTM33072); IHTA84/S190(1).