The deceased's interest in land is valued along with other ‘related’ (IHTM09733) land owned by the deceased's wife or civil partner (IHTM11032). The deceased's interest in the land is valued at £40,000 (the ‘appropriate portion’ (IHTM09735)).Its separate value at death would have been £30,000. Within 3 years of death it is sold without the other land for £25,000. The sale is a qualifying sale for both sales of related property (IHTM09751) and loss on sale of land (IHTM33000) reliefs.

Step 1 – Revalue under loss on sale of land provisions

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