# Finance Act 2012, Paragraph 30


(1) Section 32A (associated properties) is amended as follows.
(2) After subsection (5) insert—
“(5A) The death of a person beneficially entitled to property, or the disposal of property, is not a chargeable event if—
(a) in the case of a death, a person who became beneficially entitled to the property on the death disposes of it in the circumstances described in paragraph 1 of Schedule 14 to the Finance Act 2012 (gifts to the nation) within 3 years of the death, or
(b) in the case of a disposal, the disposal is made in the circumstances described in paragraph 1 of that Schedule.”
(3) In subsection (7), after “(5)(a) or (b)” insert “ or (5A)(a) or (b) ”.

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Source: https://www.legislation.gov.uk/ukpga/2012/14/schedule/14/paragraph/30 (the official version)
Page: https://openlegislation.uk/finance-act-2012/schedule-14/paragraph-30
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.