I4.321 Relief on sale of related property and IHT—overview
Relief is available under IHTA 1984, s 176 in certain circumstances if, after a death, property comprised in an estate is sold and the property was valued on death as 'related property' under IHTA 1984, s 161 (see I8.241–I8.245) or was valued in conjunction with other property in the estate, for example, where a deceased person held property absolutely which is valued in connection with property held on trusts under which he had a qualifying interest in possession (QIIP — see I5.241) or property subject to a reservation in relation to which he was the donor (see I3.436).
The relief applies where, within three years after the death of any person, there is a qualifying
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