# Finance Act 1986, Paragraph 40


(1) Notwithstanding that Part of this Schedule has effect with respect to events occurring on or after 18th March 1986, where a death or other event occurs on or after that date, nothing in that Part shall affect the tax chargeable on a transfer of value occurring before that date.
(2) Sub-paragraph (1) above does not authorise the making of a claim under section 149 of the 1984 Act where the donee’s transfer, as defined in section 148 of that Act, occurs on or after 18th March 1986.

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Source: https://www.legislation.gov.uk/ukpga/1986/41/schedule/19/paragraph/40 (the official version)
Page: https://openlegislation.uk/finance-act-1986/schedule-19/paragraph-40
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.