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Home / Simons-Taxes /IHT, trusts and estates /Part I4 Transfers on death /Division I4.3 Property sold or valueless after death /Loss on sale of related property and alteration of share capital / I4.323 Sale of related property — definition of a qualifying sale
Commentary

I4.323 Sale of related property — definition of a qualifying sale

IHT, trusts and estates

A sale is a qualifying sale if the following conditions are satisfied:

  1. Ìý

    (a)ÌýÌýÌýÌý the vendors are the persons in whom the relevant property (see I4.321) vested immediately after the death or the deceased's personal representatives (sales by beneficiaries do not therefore qualify). The word 'vested' here is interpreted by HMRC as meaning

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