IHT: Silver lining of a falling market
Mark McLaughlin, co-author of Ray & McLaughlin’s Practical IHT Planning, highlights some key reliefs available to use when calculating inheritance tax after a death.
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Mark
Have you thought about what market values actually were whilst everything was in lockdown, effectively there were no actual physical viewings, conveyancing was effectively suspended, there was no functioning market in property, so how ought values be considered under these market parameters?
Interested to hear your thoughts (appreciate it is likely more a question for surveyors)