Chancery Division.

Lightman J.

Judgment delivered 14 February 1997.

Inheritance tax – Relief – Administrators entered into contract for sale of freehold interest in property which formed part of deceased’s estate – Contract not completed – Property not sold within three years of testator’s death – Property subsequently sold – Whether administrators were entitled to claim relief – Whether value of property for inheritance tax purposes was price agreed by sale contract or probate value – Inheritance Tax Act 1984, s. 191.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.