In determining the value of a person's estate immediately before his death, an allowance against the value of property situated outside the United Kingdom shall be made for any expense incurred in administering or realising the property which is shown to be attributable to the situation of the property, but the allowance shall not exceed 5 per cent of the value of the property.
Section 173: Expenses incurred abroad.
Inheritance Tax Act 1984 · 1984 c. 51View on legislation.gov.uk
Part VI: VALUATION — CHAPTER II: ESTATE ON DEATH
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