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Paragraph 6 F1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

For the purposes of the entry relating to the Inheritance Tax Act 1984 in the table in paragraph 1—

(a)

a Welsh interest exists where—

(i)

the property in question is located in Wales, or

(ii)

the person liable to pay tax has expressed a wish or imposed a condition on his offer of the property in satisfaction of tax that it be displayed in Wales or disposed of or transferred to a body or institution in Wales;

(b)

another interest exists where—

(i)

the property in question is located outside Wales, or

(ii)

the person liable to pay tax has expressed a wish or imposed a condition on his offer of the property in satisfaction of tax that it be displayed outside Wales or disposed of or transferred to a body or institution outside Wales.

Annotations

Textual amendments

F1

Sch. 3A inserted (8.1.2018) by Wales Act 2017 (c. 4), s. 71(4), Sch. 4 (with Sch. 7 paras. 1, 6); S.I. 2017/893, reg. 2