Inheritance Tax Act 1984 section 137

Interests in land

Section 137 ensures that when calculating relief on the sale or revaluation of an interest in land after a chargeable transfer, any changes to the land or the interest between the transfer date and the relevant date (death or sale) are properly accounted for, so that like is compared with like.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.