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Paragraph 20

Not yet in force

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Section 31 (effect on initial notice of designation or application for designation for inheritance tax purposes) is amended as follows.

(2)

In subsection (5)—

(a)

in paragraph (a), for “nominee purchaser” substitute “ RTE company ”, and

(b)

in paragraph (b), for the words from “liable” to the end substitute “ liable to the RTE company for all reasonable costs incurred in the preparation or giving of the notice or in pursuance of it. ”

(3)

In subsection (6), for “nominee purchaser” (in both places) substitute “ RTE company ”.