IHTM33061 - Loss on sale of land: interest in land: definition

Rather than defining what is meant by the term 바카라 사이트˜interest in land바카라 사이트™ IHTA84/S190 (1) defines the sorts of interest that are not included within the definition. Under IHTA84/S190 (1) any estate, interest or right by way of a mortgage or other security, is not an interest in land for the purposes of loss on sale of land relief..

So, you should regard an interest in land as including:

  • any estate or interest in land and buildings
  • of any tenure
  • whether in the UK or outside, and
  • any interest in land or buildings under a trust for sale.

For the relief to apply the interest in land must actually be comprised in the deceased바카라 사이트™s estate (IHTM04043). It is not enough that the interest in land only underlies what is included in the estate. For example, an interest in a partnership (IHTM33063) which holds land, but where the partner has no right to specific partnership assets, or a reversionary interest (IHTM16231) in land, are not interests in land that are comprised in the deceased바카라 사이트™s estate.

If it appears that on death the deceased is entitled to the (sold) underlying interest in land you should refer the case to Technical.