An addition to the sale price is made where a person who makes a claim for loss relief (see I4.312) under these provisions, acting in the same capacity as that in which he made the claim, sells an interest in land within three years of the death by a sale in respect of which no substitution is made because the sale is made to a beneficiary or their spouse or descendant1, and the sale price exceeds the value on death. Beneficiaries who are entitled to an interest in possession in the land (or the trustees of that interest) are also included.
An addition is also made where a person who makes a
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 17:29