Paragraph 7 100% relief allowance where relief prevented by section 113A(2) or 124A(2)

In section 113A (business property: transfers within seven years before death of transferor), after subsection (2) insert—

“(2A)

Where subsection (2) applies, the chargeable transfer is to be ignored for the purposes of determining the amount of the 100% relief allowance available in relation to a chargeable transfer under section 124D.”

In section 124A (agricultural property: transfers within seven years before death of transferor), after subsection (2) insert—

“(2A)

Where subsection (2) applies, the chargeable transfer is to be ignored for the purposes of determining the amount of the 100% relief allowance available in relation to a chargeable transfer under section 124D.”