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    Inheritance tax - General principles - Valuation - Specific rules - Land and buildings - 55635

    The valuation of land and buildings is generally the subject of negotiation between the taxpayer and HMRC, which uses a team of valuation officers who may be called upon to arrive at a value....

    Inheritance tax - National heritage property - Requirements - Qualifying property - 58055

    The Board of HMRC together with the Treasury will take a view as to whether property is important for the national heritage, but property which falls within the definitions outlined below is...

    Inheritance tax - Reliefs - Business property relief - Eligible property - 59085

    Relief is available at two different rates, depending on the type of property: Type of asset Amount of relief Unincorporated businesses and partnership interests1, 2, 8 100% Shares in any unquoted company5,...

    Inheritance tax - Reliefs - Agricultural property relief - Eligible property - 59325

    Agricultural property is broadly defined as agricultural land or pasture but also includes: - woodlands and any building used in connection with the intensive rearing of livestock or fish (provided that...

    Inheritance tax - Reliefs - Reliefs for falls in value - Relief for falls in value on post-death sales - Land and buildings - Scope - 59830

    Relief is available where an interest in land which was included in the estate of the deceased is sold within 3 years from the date of death for less than the amount at which it was valued in...

    Inheritance tax - Administration - Payment of inheritance tax - Mechanisms of payment - Instalment payments - Eligible property - 63365

    IHT on the following types of property will be eligible for the instalment option: Type of property Restrictions Land and buildings None Business or business interest - net value of business...

    Property valuations targeted by the Taxman

    A major firm of accountants claims that the Taxman is turning his attention to estates which include houses and other property. He’s arguing up the value and consequently the tax bill. How...

    Tax breaks on business land and buildings

    Land and buildings can offer good returns in the long term, but how can you avoid handing over a share of the increase in value to the Taxman?

    Tax-free land

    If stock markets are tumbling, you may be casting your eye around for alternative investments. Land and buildings can offer good returns in the long term, but are there any tax breaks to encourage you?

    Hope value

    A recent Lands Tribunal decision has important implications for those dealing with the valuation of land with development value. The Taxman now has to tread more carefully in valuing such land...