IHTM09734 - Related property: apportionment of aggregate value

»Ê¹ÚÌåÓýapp value to be included in the deceased/transferor’s estate (IHTM04029) is the ‘appropriate portionâ€� of the value of the combined unit (IHTM09732). »Ê¹ÚÌåÓýappre are two methods of calculating the appropriate portion

  • the general rule (IHTM09735), IHTA84/S161 (3), and
  • the special rule (IHTM09736), IHTA84/S161 (4).

»Ê¹ÚÌåÓýapp general rule is used where the items of property (IHTM04030) being aggregated for valuation purposes are different, such as freehold and leasehold interests in the same piece of land. »Ê¹ÚÌåÓýapp special rule is mainly used for calculating the value of shareholdings. But it may also be used in some other situations (IHTM09737).