Related Commentary  Related HMRC Manuals

196(1)  This section applies where a person who makes a claim under this Chapter, acting in the same capacity as that in which he makes the claim–

(a)sells an interest to which section 191(1) would apply but for section 191(3), or

(b)within the period of three years immediately following the date of the death exchanges (with or without any payment by way of equality of exchange) any interest in land which was comprised in the deceased’s estate immediately before his death,

and the sale price of the interest, or in the case of an exchange its market value at the date of the exchange, exceeds its value on death.

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.