Paragraph 20 Commencement

United Kingdom

(1)

The amendments made by this Part of this Schedule have effect in relation to times on or after 6 April 2026.

(2)

But for the purposes of paragraph 5(1) of Schedule A1 to IHTA 1984—

(a)

paragraph (a) of that paragraph does not apply in relation to a disposal of property—

(i)

to which paragraph 2 or 3(a) of that Schedule only applies as a result of the amendments made by this Part of this Schedule, and

(ii)

that occurs before 6 April 2026, and

(b)

paragraph (b) of that paragraph does not apply in relation to a payment of money or money's worth—

(i)

in relation to a relevant loan that is only a relevant loan as a result of the amendments made by this Part of this Schedule, and

(ii)

that occurs before 6 April 2026.