The Inheritance Tax Act 1984, s. 192 is the equivalent for interests in land of s. 180, which restricts the relief available under s. 179 where proceeds of sale of investments are reinvested within the relevant period. The intention, as explained in ¶628-150, is to ensure that the relief is only available where the proceeds of sale are used for purposes other than reinvestment, e.g. payment of tax or satisfaction of bequests. IHTA 1984, s. 192 applies where the person claiming relief purchases, in the same capacity, an interest in land within the period:

beginning on the date of death, and

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.