A man died intestate with a farm which now goes to his 5 siblings. 1 sibling wishes to retain the farm, and the other siblings agreed to disclaim their benefit on condition they would receive a cash consideration. Date of death was May 2014, the disclaimers were signed in Feb 2017 as well as an undertaking by the farmer to pay a certain amount within 18 months to each of the other siblings. The letters of administration(probate) issued in Oct 2017. Money was then not received until Dec 2018. My understanding is that the consideration received on foot of the disclaimer is treated as an inheritance from the deceased, but when is the valuation date?
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