# Finance Act 2013, Paragraph 5


(1) Subject to sub-paragraph (2), the amendments made by this Schedule have effect in relation to transfers of value made, or treated as made, on or after the day on which this Act is passed.
(2) Section 162B of IHTA 1984 (inserted by paragraph 3) only has effect in relation to liabilities incurred on or after 6 April 2013.
(3) For the purposes of sub-paragraph (2), where a liability is incurred under an agreement—
(a) if the agreement was varied so that the liability could be incurred under it, the liability is to be treated as having been incurred on the date of the variation, and
(b) in any other case, the liability is to be treated as having been incurred on the date the agreement was made.

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Source: https://www.legislation.gov.uk/ukpga/2013/29/schedule/36/paragraph/5 (the official version)
Page: https://openlegislation.uk/finance-act-2013/schedule-36/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.