Alan, Client has just informed me that he has inherited a farm from his father who died in June 2012. The farm animal stock and bank balances were divided amongst the 5 surviving children. The estate has just been finalised by the solicitor and my client has paid his siblings for their shares of the farm stock rather than having to sell the stock and then restock. What is the valuation date in this case? Would the Revenue be likely to accept a December 2012 valuation date?
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