{
  "url": "https://openlegislation.uk/finance-act-2025/schedule-13/paragraph-12",
  "json_url": "https://openlegislation.uk/finance-act-2025/schedule-13/paragraph-12.json",
  "legislation": "ukpga/2025/8",
  "legislation_title": "Finance Act 2025",
  "legislation_url": "https://openlegislation.uk/finance-act-2025",
  "path": "schedule/13/paragraph/12",
  "kind": "paragraph",
  "number": "12",
  "heading": "IHTA 1984",
  "text": "(1) Section 74A (arrangements involving acquisition of interest in settled property etc) is amended as follows.\n(2) In subsection (1)—\n(a) in paragraph (b)(i), omit “domiciled in the United Kingdom”;\n(b) after paragraph (b) insert—\n“(ba) the individual—\n(i) is a long-term UK resident at any time on or after 6 April 2025 during the course of the arrangements, or\n(ii) acquired the interest, or became able to acquire it, at a time before 6 April 2025 while domiciled in the United Kingdom.”.\n(3) For subsection (2) substitute—\n“(2) Condition A is that the relevant settled property is excluded property at any time during the course of the arrangements.\nIgnore for this purpose—\n(a) section 48ZA(8) (as it has effect on and after 6 April 2025);\n(b) section 48(3D) (as it had effect before 6 April 2025).”",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2025/8/schedule/13/paragraph/12",
    "retrieved_at": "2026-10-29T08:47:01.939707+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}