Section 274 — Taxation of Chargeable Gains Act 1992: Value determined for inheritance tax.

Value determined for inheritance tax. 274 Where on the death of any person inheritance tax is chargeable on the value of his estate immediately before his death and the value of an asset forming part of that estate has been ascertained (whether in any proceedings or otherwise) for the purposes of the application of that tax to the estate , the value so ascertained shall be taken for the purposes of this Act to be the market value of that asset at the date of the death.