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VALUATIONS FOR INHERITANCE TAX — PART 1

Journal of Valuation

ISSN: 0263-7480

Article publication date: 1 January 1988

Abstract

The valuation of interests in land for Inheritance Tax purposes may be relatively straightforward ‘open market’ valuations as at the date of death, or they may not. An actual disposal, either prior or subsequent to death, can produce prima facie useful evidence of value, but such evidence must be viewed in the context of the reliefs offered by ss. 131 to 139 and 191 to 198 of the Inheritance Tax Act 1984. The first in this series of papers examines the situation regarding lifetime transfers which may come into account due to the death of the donor occurring within seven years of making the gift, and develops a strategy for valuers wishing to maximise their use of the reliefs available.

Keywords

Citation

JONES, I. (1988), "VALUATIONS FOR INHERITANCE TAX — PART 1", Journal of Valuation, Vol. 6 No. 1, pp. 7-15. https://doi.org/10.1108/eb008019

Publisher

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MCB UP Ltd

Copyright © 1988, MCB UP Limited