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Hope value and death

Julie Butler, May 2009

Julie Butler is the author of Tax Planning for Farm and Land Diversification and Equine Tax Planning.

Summary:

At the date of death, the ‘hope value’ of land has to be valued and subject to inheritance tax (IHT) like any other asset in the estate of the deceased.

Prior to the current credit crunch it was argued that all land had some ‘hope value’, but what now the crash of development land values?

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