# The Taxation of Equitable Life (Payments) Order 2011, Article 5: Inheritance tax


(1) For the purposes of the Inheritance Tax Act 1984—
(a) in determining the value of a person’s estate immediately before that person’s death, no account shall be taken of any value attributable to a right to, or interest in, an authorised payment made after that person’s death; and
(b) in determining the value of relevant property immediately before a ten-year anniversary for the purposes of the charge under section 64 of the Inheritance Tax Act 1984, no account shall be taken of any value attributable to a right to, or interest in, an authorised payment made on or after that ten-year anniversary.
(2) In this article—
“estate” has the meaning given by section 272 of the Inheritance Tax Act 1984;
“relevant property” has the meaning given by section 58 of that Act; and
“ten-year anniversary” has the meaning given by section 61 of that Act.

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Source: https://www.legislation.gov.uk/ukdsi/2011/9780111509326/article/5 (the official version)
Page: https://openlegislation.uk/draft-taxation-of-equitable-life-payments-order-2011/article-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.