A deceased client has a potential claim for an accident before their death under the Law Reform (Miscellaneous Provisions) Act 1934 . An estimate of the likely claim has been received. Is it permissible to
deduct a discount for uncertainty of recovery and likely litigation costs, as these would presumably be factors to take into account when considering its market value if the right was sold to someone else?
The HMRC manual says any such request must be referred to technical division which is not encouraging.
Simon Northcott