Paragraph 111 Inheritance Tax Act 1984

(1)

Section 79A (variation of undertakings) is amended as follows.

(2)

In subsection (2)—

(a)

for “a Special Commissioner” substitute “the tribunal”; and

(b)

for “the Commissioner may direct that the undertaking is to have effect from a date specified by him” substitute “the tribunal may direct that the undertaking is to have effect from a specified date”.

(3)

In subsection (3)—

(a)

for “Special Commissioner” substitute “tribunal”; and

(b)

for “his direction” substitute “the tribunal’s direction”.

(4)

In subsection (4) for “Special Commissioner” substitute “tribunal”.