OpenLegislation

Inheritance Tax Act 1984

1984 c. 51 · Enacted 31 July 1984 · Extends to United Kingdom

Not fully up to date. 3 changes made by later legislation have not yet been written into this text, which is revised to 6 April 2026.

See the changes not yet applied
ProvisionChangeMade by
s. 267ZAomittedFinance Act 2025 Sch. 13 para. 26
s. 267ZBomittedFinance Act 2025 Sch. 13 para. 26
s. 124LinsertedFinance Act 2026 Sch. 12 para. 6(1)

An Act to consolidate provisions of Part III of the Finance Act 1975 and other enactments relating to F1inheritance tax.

[31st July 1984]C1C2X1X2C3I1C4C5

Annotations to the whole text

Textual amendments

F1

By Finance Act 1986 s. 100(1), on and after 25 July 1986 the Capital Transfer Tax Act 1984 may be cited as the Inheritance Tax Act 1984.

Modifications

C1

Act modified (1.11.2004 with effect as mentioned in reg. 1 of the amending S.I.) by The Inheritance Tax (Delivery of Accounts) (Excepted Estates) Regulations 2004 (S.I. 2004/2543), reg. 7(2)

C2

Act modified (with effect in accordance with s. 195(12) of the amending Act) by Finance Act 2003 (c. 14), s. 195

C3

Act amended (1.5.1995 with effect in relation to transfers of value or other events occuring on or after 6.4.1995) by 1995 c. 4, s. 154(2)(3)(5)

Act modified (31.7.1998 with effect as mentioned in s. 161 of the amending Act) by 1998 c. 36, s. 161(2)(c)

C4

Act modified (16.6.2011) by The Taxation of Equitable Life (Payments) Order 2011 (S.I. 2011/1502), arts. 1(1)(2), 5

C5

Act applied (17.7.2014) by Finance Act 2014 (c. 26), ss. 223(8)(9)(c)

Commencement

I1

Act wholly in force at 1.1.1985 see s. 274(1).

Editorial notes

X1

By Finance Act 1986 s. 100(1), on and after 25 July 1986 the Capital Transfer Tax Act 1984 may be cited as the Inheritance Tax Act 1984.

X2

This Act is based on material edited by the Inland Revenue and the style of editing for effects prior to 1.2.1991 differs from most Acts on the Statute Law Database.

Contents

  1. Part I: GENERAL
  2. Main charges and definitions
  3. 1Charge on transfers.
  4. 2Chargeable transfers and exempt transfers.
  5. 3Transfers of value.
  6. 3APotentially exempt transfers.
  7. 4Transfers on death.
  8. 5Meaning of estate.
  9. 6Excluded property.
  10. 6A“Long-term UK resident”: individuals
  11. 6B“Long-term UK resident”: young persons
  12. 6C“Long-term UK resident”: bodies corporate
  13. Rates
  14. 7Rates.
  15. 8Indexation of rate bands.
  16. 8ATransfer of unused nil-rate band between spouses and civil partners
  17. 8BClaims under section 8A
  18. 8CSection 8A and subsequent charges
  19. 8DExtra nil-rate band on death if interest in home goes to descendants etc
  20. 8EResidence nil-rate amount: interest in home goes to descendants etc
  21. 8FResidence nil-rate amount: no interest in home goes to descendants etc
  22. 8FADownsizing addition: entitlement: low-value death interest in home
  23. 8FBDownsizing addition: entitlement: no residential interest at death
  24. 8FCDownsizing addition: effect: section 8E case
  25. 8FDDownsizing addition: effect: section 8F case
  26. 8FECalculation of lost relievable amount
  27. 8GMeaning of “brought-forward allowance”
  28. 8HMeaning of “qualifying residential interest” , “qualifying former residential interest” and “residential property interest”
  29. 8HAQualifying former residential interest”: interests in possession
  30. 8JMeaning of “inherited”
  31. 8KMeaning of “closely inherited”
  32. 8LClaims for brought-forward allowance and downsizing addition
  33. 8MResidence nil-rate amount: cases involving conditional exemption
  34. 9Transitional provisions on reduction of tax.
  35. Dispositions that are not transfers of value (and omissions that do not give rise to deemed dispositions)
  36. 10Dispositions not intended to confer gratuitous benefit.
  37. 11Dispositions for maintenance of family.
  38. 12Dispositions allowable for income tax or conferring benefits under pension scheme.
  39. 12APension drawdown fund not used up: no deemed disposition Repealed
  40. 13Dispositions by close companies for benefit of employees.
  41. 13ADispositions by close companies to employee-ownership trusts
  42. 14Waiver of remuneration.
  43. 15Waiver of dividends.
  44. 16Grant of tenancies of agricultural property.
  45. 17Changes in distribution of deceased’s estate, etc.
  46. Part II: EXEMPT TRANSFERS
  47. Chapter I: GENERAL
  48. 18Transfers between spouses or civil partners.
  49. 19Annual exemption.
  50. 20Small gifts.
  51. 21Normal expenditure out of income.
  52. 22Gifts in consideration of marriage or civil partnership.
  53. 23Gifts to charities or registered clubs.
  54. 24Gifts to political parties.
  55. 24AGifts to housing associations.
  56. 25Gifts for national purposes, etc.
  57. 26. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  58. 26APotentially exempt transfer of property subsequently held for national purposes etc.
  59. 27Maintenance funds for historic buildings, etc.
  60. 28Employee trusts.
  61. 28AEmployee-ownership trusts
  62. 29Loans—modifications of exemptions.
  63. 29AAbatement of exemption where claim settled out of beneficiary’s own resources.
  64. Chapter II: CONDITIONAL EXEMPTION
  65. 30Conditionally exempt transfers.
  66. 31Designation and undertakings.
  67. 32Chargeable events.
  68. 32AAssociated properties.
  69. 33Amount of charge under section 32.
  70. 34Reinstatement of transferor’s cumulative total.
  71. 35Conditional exemption on death before 7th April 1976.
  72. 35AVariation of undertakings.
  73. Chapter III: ALLOCATION OF EXEMPTIONS
  74. 36Preliminary.
  75. 37Abatement of gifts.
  76. 38Attribution of value to specific gifts.
  77. 39Attribution of value to residuary gifts.
  78. 39AOperation of sections 38 and 39 in cases of business or agricultural relief.
  79. 40Gifts made separately out of different funds.
  80. 41Burden of tax.
  81. 42Supplementary.
  82. Part III: SETTLED PROPERTY
  83. Chapter I: PRELIMINARY
  84. 43Settlement and related expressions.
  85. 44Settlor.
  86. 45Trustee.
  87. 46Interest in possession: Scotland.
  88. 46AContract of life insurance entered into before 22nd March 2006 which on that day is settled property in which interest in possession subsists
  89. 46BContract of life insurance entered into before 22nd March 2006 which immediately before that day is property to which section 71 applies
  90. 47Reversionary interest.
  91. 47ASettlement power
  92. 48Excluded property : reversionary interests and Treasury securities.
  93. 48ZAExcluded property: property situated outside the UK etc
  94. 48ACommencement of settlement
  95. Chapter II: INTERESTS IN POSSESSION, REVERSIONARY INTERESTS AND SETTLEMENT POWERS
  96. 49Treatment of interests in possession.
  97. 49AImmediate post-death interest
  98. 49BTransitional serial interests
  99. 49CTransitional serial interest: interest to which person becomes entitled during period 22nd March 2006 to 5th October 2008
  100. 49DTransitional serial interest: interest to which person becomes entitled on death of spouse or civil partner on or after 6th October 2008
  101. 49ETransitional serial interest: contracts of life insurance
  102. 50Interests in part, etc.
  103. 51Disposal of interest in possession.
  104. 52Charge on termination of interest in possession.
  105. 53Exceptions from charge under section 52.
  106. 54Exceptions from charge on death
  107. 54ASpecial rate of charge where settled property affected by potentially exempt transfer.
  108. 54BProvisions supplementary to section 54A.
  109. 55APurchased settlement powers
  110. 55Reversionary interest acquired by beneficiary.
  111. 56Exclusion of certain exemptions.
  112. 57Application of certain exemptions.
  113. 57ARelief where property enters maintenance fund.
  114. Chapter III: SETTLEMENTS WITHOUT INTERESTS IN POSSESSION , AND CERTAIN SETTLEMENTS IN WHICH INTERESTS IN POSSESSION SUBSIST
  115. Interpretation
  116. 58Relevant property.
  117. 59Qualifying interest in possession.
  118. 60Commencement of settlement. Repealed
  119. 61Ten-year anniversary.
  120. 62Related settlements.
  121. 62ASame-day additions
  122. 62BSame day additions: exceptions
  123. 62CProtected settlements
  124. 63Minor interpretative provisions.
  125. Principal charge to tax
  126. 64Charge at ten-year anniversary.
  127. 65Charge at other times.
  128. Rates of principal charge
  129. 66Rate of ten-yearly charge.
  130. 67Added property, etc.
  131. 68Rate before first ten-year anniversary.
  132. 69Rate between ten-year anniversaries.
  133. Special cases—charges to tax
  134. 70Property leaving temporary charitable trusts.
  135. 71Accumulation and maintenance trusts.
  136. 71ATrusts for bereaved minors
  137. 71BCharge to tax on property to which section 71A applies
  138. 71CSections 71A and 71B: meaning of “bereaved minor”
  139. 71DAge 18-to-25 trusts
  140. 71ECharge to tax on property to which section 71D applies
  141. 71FCalculation of tax charged under section 71E in certain cases
  142. 71GCalculation of tax charged under section 71E in all other cases
  143. 71HSections 71A to 71G: meaning of “parent”
  144. 72Property leaving employee trusts and newspaper trusts.
  145. 73Pre-1978 protective trusts.
  146. 74Pre-1981 trusts for disabled persons.
  147. 74AArrangements involving acquisition of interest in settled property etc
  148. 74BSection 74A: supplementary provision
  149. 74CInterpretation of sections 74A and 74B
  150. Special cases—reliefs
  151. 75Property becoming subject to employee trusts.
  152. 75AProperty becoming subject to employee-ownership trust
  153. 75BCap on charges for pre-30 October 2024 excluded property
  154. 76Property becoming held for charitable purposes, etc.
  155. Works of art, historic buildings, etc.
  156. 77Maintenance funds for historic buildings, etc.
  157. 78Conditionally exempt occasions.
  158. 79Exemption from ten-yearly charge.
  159. 79AVariation of undertakings.
  160. Miscellaneous
  161. 80Initial interest of settlor or spouse or civil partner.
  162. 81Property moving between settlements.
  163. 81AReversionary interests in relevant property
  164. 81BExcluded property: property to which section 80 applies
  165. 82Excluded property : property to which section 81 applies (old cases) Repealed
  166. 82AExcluded property: property to which section 81 applies (new cases) Repealed
  167. 83Property becoming settled on a death.
  168. 84Income applied for charitable purposes.
  169. 85Credit for annual charges under Finance Act 1975.
  170. Chapter IV: MISCELLANEOUS
  171. 86Trusts for benefit of employees.
  172. 87Newspaper trusts.
  173. 88Protective trusts.
  174. 89Trusts for disabled persons.
  175. 89ASelf-settlement by person expected to fall within the definition of “disabled person”
  176. 89BMeaning of “disabled person's interest”
  177. 89CDisabled person's interest: powers of advancement etc
  178. 90Trustees’ annuities, etc.
  179. 91Administration period.
  180. 92Survivorship clauses.
  181. 93Disclaimers.
  182. Part IV: CLOSE COMPANIES
  183. Transfers by close companies
  184. 94Charge on participators.
  185. 95Participator in two companies.
  186. 96Preference shares disregarded.
  187. 97Transfers within group, etc.
  188. Alterations of capital, etc.
  189. 98Effect of alterations of capital, etc
  190. Settled property
  191. 99Transfers where participators are trustees.
  192. 100Alterations of capital, etc. where participators are trustees.
  193. 101Companies interests in settled property.
  194. General
  195. 102Interpretation.
  196. Part V: MISCELLANEOUS RELIEFS
  197. Chapter I: BUSINESS PROPERTY
  198. 103Section 103
  199. 104The relief.
  200. 105Relevant business property.
  201. 106Minimum period of ownership.
  202. 107Replacements.
  203. 108Successions.
  204. 109Successive transfers.
  205. 109A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  206. 110Value of business.
  207. 111Value of certain shares and securities.
  208. 112Exclusion of value of excepted assets.
  209. 113Contracts for sale.
  210. 113ATransfers within seven years before death of transferor.
  211. 113BApplication of section 113A to replacement property.
  212. 114Avoidance of double relief.
  213. Chapter II: AGRICULTURAL PROPERTY
  214. 115Preliminary.
  215. 116The relief.
  216. 117Minimum period of occupation or ownership.
  217. 118Replacements.
  218. 119Occupation by company or partnership.
  219. 120Successions.
  220. 121Successive transfers.
  221. 122Agricultural property of companies.
  222. 123Provisions supplementary to section 122.
  223. 124Contracts for sale.
  224. 124ATransfers within seven years before death of transferor.
  225. 124BApplication of section 124A to replacement property.
  226. 124CEnvironmental management agreements
  227. Chapter 2A: 100% Relief allowance and 100% trust relief allowance
  228. 124D100% relief allowance
  229. 124ETransfer of unused 100% relief allowance
  230. 124FClaims under section 124E
  231. 124G100% trust relief allowance (relevant property)
  232. 124HTrust maximum allowance
  233. 124ITrust maximum allowance (qualifying pre-commencement settlements)
  234. 124J100% trust relief allowance (special trusts)
  235. 124K100% trust relief allowance (age 18-to-25 trusts)
  236. Chapter III: WOODLANDS
  237. 125The relief.
  238. 126Charge to tax on disposal of trees or underwood.
  239. 127Amount subject to charge.
  240. 128Rate of charge.
  241. 129Credit for tax charged.
  242. 130Interpretation.
  243. Chapter IV: TRANSFERS WITHIN THREE YEARS BEFORE DEATH
  244. 131The relief.
  245. 132Wasting assets.
  246. 133Shares—capital receipts.
  247. 134Payments of calls.
  248. 135Reorganisation of share capital, etc.
  249. 136Transactions of close companies.
  250. 137Interests in land.
  251. 138Leases.
  252. 139Other property.
  253. 140Interpretation.
  254. Chapter V: MISCELLANEOUS
  255. Successive charges
  256. 141Two or more transfers within five years.
  257. 141AApportionment of relief under section 141
  258. Changes in distribution of deceased’s estate, etc.
  259. 142Alteration of dispositions taking effect on death.
  260. 143Compliance with testator’s request.
  261. 144Distribution etc. from property settled by will.
  262. 145Redemption of surviving spouse’s or civil partner's life interest. Repealed
  263. 146Inheritance (Provision for Family and Dependants) Act 1975.
  264. 147Scotland; legitim. etc.
  265. Mutual and voidable transfers
  266. 148, 149. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  267. 150Voidable transfers.
  268. Pension schemes, etc
  269. 150ACertain pension interests treated as part of estate
  270. 151Treatment of pension rights, etc. Other provision about pension interests
  271. 151APerson dying with alternatively secured pension fund Repealed
  272. 151BRelevant dependant with pension fund inherited from member over 75 Repealed
  273. 151BARate or rates of charge under section 151B Repealed
  274. 151CDependant dying with other pension fund Repealed
  275. 151DUnauthorised payment where person dies over 75 with pension or annuity Repealed
  276. 151ERate or rates of charge under section 151D Repealed
  277. 152Cash options. Repealed
  278. 153Overseas pensions.
  279. Payments to victims of persecution during Second World War era
  280. 153ZAQualifying payments
  281. Emergency services
  282. 153ADeath of emergency service personnel etc
  283. Armed forces
  284. 154Death on active service, etc.
  285. 155Visiting forces, etc.
  286. Foreign diplomats etc
  287. 155ZAForeign diplomats etc
  288. Constables and service personnel
  289. 155ADeath of constables and service personnel targeted because of their status
  290. Apsley House and Chevening Estate
  291. 156Apsley House and Chevening Estate.
  292. Non-residents’ bank accounts
  293. 157Non-residents’ bank accounts.
  294. Double taxation relief
  295. 158Double taxation conventions.
  296. 159Unilateral relief.
  297. Dormant assets
  298. 159ATreatment of dormant assets
  299. Part VI: VALUATION
  300. Chapter I: GENERAL
  301. 160Market value.
  302. 161Related property.
  303. 162Liabilities.
  304. 162ALiabilities attributable to financing excluded property
  305. 162AALiabilities attributable to financing non-residents' foreign currency accounts
  306. 162BLiabilities attributable to financing certain relievable property
  307. 162CSections 162A, 162AA and 162B: supplementary provision
  308. 163Restriction on freedom to dispose.
  309. 164Transferor’s expenses.
  310. 165Tax on capital gains.
  311. 166Creditors’ rights.
  312. 167Life policies, etc.
  313. 168Unquoted shares and securities.
  314. 169Farm cottages.
  315. 170Leases for life, etc.
  316. Chapter II: ESTATE ON DEATH
  317. 171Changes occurring on death.
  318. 172Funeral expenses.
  319. 173Expenses incurred abroad.
  320. 174Income tax and unpaid inheritance tax.
  321. 175Liability to make future payments, etc.
  322. 175ADischarge of liabilities after death
  323. 176Related property etc.—sales.
  324. 177Scottish agricultural leases.
  325. Chapter III: SALE OF SHARES ETC. FROM DECEASED’S ESTATE
  326. 178Preliminary.
  327. 179The relief.
  328. 180Effect of purchases.
  329. 181Capital receipts.
  330. 182Payment of calls.
  331. 183Changes in holdings.
  332. 184Exchanges.
  333. 185Acquisition of like investments.
  334. 186Value of part of a fund.
  335. 186ACancelled investments.
  336. 186BSuspended investments.
  337. 187Attribution of values to specific investments.
  338. 188Limitation of loss on sale.
  339. 189Date of sale or purchase.
  340. Chapter IV: SALE OF LAND FROM DECEASED’S ESTATE
  341. 190Preliminary.
  342. 191The relief.
  343. 192Effect of purchases.
  344. 193Changes between death and sale.
  345. 194Leases.
  346. 195Valuation by reference to other interests.
  347. 196Sales to beneficiaries etc. and exchanges.
  348. 197Compulsory acquisition more than three years after death.
  349. 197ASales in fourth year after death.
  350. 198Date of sale or purchase.
  351. Part VII: LIABILITY
  352. General rules
  353. 199Dispositions by transferor.
  354. 200Transfer on death.
  355. 201Settled property.
  356. 202Close companies.
  357. 203Liability of spouse or civil partner.
  358. 204Limitation of liability.
  359. 205More than one person liable.
  360. Special cases
  361. 206. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  362. 207Conditional exemption, etc.
  363. 208Woodlands.
  364. 209Succession in Scotland.
  365. 210Pension rights
  366. Burden of tax, etc.
  367. 211Burden of tax on death.
  368. 212Powers to raise tax.
  369. 213Refund by instalments.
  370. 214Certificates of tax paid.
  371. Part VIII: ADMINISTRATION AND COLLECTION
  372. Management
  373. 215General.
  374. Accounts and information
  375. 216Delivery of accounts.
  376. 217Defective accounts.
  377. 218Non-resident trustees.
  378. 218AInstruments varying dispositions taking effect on death
  379. 218BPensions: information powers
  380. 219Power to require information. Repealed
  381. 219APower to call for documents etc. Repealed
  382. 219BAppeal against requirement to produce documents etc. Repealed
  383. 220Inspection of property. Repealed
  384. 220AExchange of information with other countries. Repealed
  385. Determinations , reviews and appeals
  386. 221Notices of determination.
  387. 222Appeals against determinations.
  388. 223Late notice of appeal.
  389. 223AAppeal: HMRC review or determination by tribunal
  390. 223BAppellant requires review by HMRC
  391. 223CHMRC offer review
  392. 223DNotifying appeal to the tribunal
  393. 223ENature of review etc
  394. 223FEffect of conclusions of review
  395. 223GNotifying appeal to tribunal after review concluded
  396. 223HNotifying appeal to tribunal after review offered but not accepted
  397. 223IInterpretation of sections 223A to 223I
  398. 224Determination of appeal by tribunal.
  399. 225Appeals from Special Commissioners. Repealed
  400. 225AExtension of regulation-making powers. Repealed
  401. Payment
  402. 226Payment: general rules.
  403. 226ATax on notional pension property: withholding of benefits
  404. 226BTax on notional pension property: direct payment by scheme administrator
  405. 227Payment by instalments—land, shares and businesses.
  406. 228Shares, etc. within section 227.
  407. 229Payment by instalments—woodlands.
  408. 230Acceptance of property in satisfaction of tax.
  409. 231Powers to transfer property in satisfaction of tax.
  410. 232Administration actions.
  411. Interest
  412. 233Interest on unpaid tax.
  413. 234Interest on instalments.
  414. 235Interest on overpaid tax.
  415. 236Special cases.
  416. Inland Revenue charge for unpaid tax
  417. 237Imposition of charge.
  418. 238Effect of purchases.
  419. Certificates of discharge
  420. 239Certificates of discharge.
  421. Adjustments
  422. 240Underpayments.
  423. 240AUnderpayments: supplementary
  424. 240BUnderpayments involving offshore matters etc
  425. 241Overpayments.
  426. Recovery of tax
  427. 242Recovery of tax.
  428. 243Scotland: recovery of tax in sheriff court.
  429. 244Rights to address court.
  430. Penalties
  431. 245Failure to deliver accounts.
  432. 245AFailure to provide information etc.
  433. 246. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  434. 247Provision of incorrect information.
  435. 248Failure to remedy errors.
  436. 249Recovery of penalties.
  437. 250Time limit for recovery.
  438. 251Appeals against summary determination of penalties. Repealed
  439. 252Effect of award by the tribunal.
  440. 253Mitigation of penalties.
  441. Miscellaneous
  442. 254Evidence.
  443. 255Determination of questions on previous view of law.
  444. 256Regulations about accounts, etc.
  445. 257Form etc. of accounts.
  446. 258Service of documents.
  447. 259Inspection of records.
  448. 260Inland Revenue Regulation Act 1890.
  449. 261Scotland inventories.
  450. Part IX: MISCELLANEOUS AND SUPPLEMENTARY
  451. Miscellaneous
  452. 262Tax chargeable in certain cases of future payments, etc.
  453. 263Annuity purchased in conjunction with life policy.
  454. 264Transfers reported late.
  455. 265Chargeable transfers affecting more than one property.
  456. 266More than one chargeable transfer on one day.
  457. 267Persons treated as domiciled in United Kingdom. Repealed
  458. 267ZAElection to be treated as domiciled in United Kingdom
  459. 267ZBSection 267ZA: further provision about election
  460. 267ZCElection to be treated as a long-term UK resident
  461. 267ZDFurther provision about elections under section 267ZC
  462. 267ZESubject of domicile election treated as a long-term UK resident
  463. 267ZFDouble taxation conventions operating by reference to deemed domicile
  464. 267ALimited liability partnerships.
  465. Interpretation
  466. 268Associated operations.
  467. 269Control of company.
  468. 270Connected persons.
  469. 271Property of corporations sole.
  470. 271AQualifying non-UK pension scheme
  471. 272General interpretation.
  472. Supplementary
  473. 273Transition from estate duty.
  474. 274Commencement.
  475. 275Continuity, and construction of references to old and new law.
  476. 276Consequential amendments.
  477. 277Repeals.
  478. 278Short title.
  479. Schedule A1: Non-excluded overseas property
  480. Part 1: Overseas property with value attributable to UK residential property or UK agricultural property
  481. Introductory
  482. 1Paragraph 1
  483. Close company and partnership interests
  484. 2Paragraph 2
  485. Loans
  486. 3Paragraph 3
  487. 4Paragraph 4
  488. Part 2: Supplementary
  489. Disposals and repayments
  490. 5Paragraph 5
  491. Tax avoidance arrangements
  492. 6Paragraph 6
  493. Double taxation relief arrangements
  494. 7Paragraph 7
  495. Part 3: Interpretation
  496. Relevant UK property
  497. 7AParagraph 7A
  498. UK agricultural property
  499. 7BParagraph 7B
  500. UK residential property interest
  501. 8Paragraph 8
  502. Close companies
  503. 9Paragraph 9
  504. Partnerships
  505. 10Paragraph 10
  506. Schedule 1Schedule 1
  507. Schedule 1A: Gifts to charities etc: tax charged at lower rate
  508. Application of this Schedule
  509. 1Paragraph 1
  510. The relief
  511. 2Paragraph 2
  512. The components of the estate
  513. 3Paragraph 3
  514. The donated amount
  515. 4Paragraph 4
  516. The baseline amount
  517. 5Paragraph 5
  518. Rules for determining whether charitable giving condition is met
  519. 6Paragraph 6
  520. Election to merge parts of the estate
  521. 7Paragraph 7
  522. Opting out
  523. 8Paragraph 8
  524. Elections: procedure
  525. 9Paragraph 9
  526. General interpretation
  527. 10Paragraph 10
  528. Schedule 2: PROVISIONS APPLYING ON REDUCTION OF TAX
  529. Interpretation
  530. 1Paragraph 1
  531. Death within seven years of potentially exempt transfer
  532. 1AParagraph 1A
  533. Death within seven years of chargeable transfer
  534. 2Paragraph 2
  535. Settlement without interest in possession
  536. 3Paragraph 3
  537. Disposal of trees etc. following exemption on death
  538. 4Paragraph 4
  539. Conditionally exempt transfers
  540. 5Paragraph 5
  541. Maintenance funds for historic buildings
  542. 6Paragraph 6
  543. 7Paragraph 7 Repealed
  544. Relevant dependant with pension fund inherited from member over 75
  545. 6AParagraph 6A
  546. Schedule 3GIFTS FOR NATIONAL PURPOSES, ETC.
  547. Schedule 4: MAINTENANCE FUNDS FOR HISTORIC BUILDINGS, ETC.
  548. Part I: TREASURY DIRECTIONS
  549. Giving of directions
  550. 1Paragraph 1
  551. Conditions
  552. 2Paragraph 2
  553. 3Paragraph 3
  554. 4Paragraph 4
  555. Withdrawal
  556. 5Paragraph 5
  557. Information
  558. 6Paragraph 6
  559. Enforcement of trusts
  560. 7Paragraph 7
  561. Part II: PROPERTY LEAVING MAINTENANCE FUNDS
  562. Charge to tax
  563. 8Paragraph 8
  564. Exceptions from charge
  565. 9Paragraph 9
  566. 10Paragraph 10
  567. Rates of charge
  568. 11Paragraph 11
  569. 12Paragraph 12
  570. 13Paragraph 13
  571. 14Paragraph 14
  572. 15Paragraph 15
  573. Maintenance fund following interest in possession
  574. 15AParagraph 15A
  575. Part III: PROPERTY BECOMING COMPRISED IN MAINTENANCE FUNDS
  576. 16Paragraph 16
  577. 17Paragraph 17
  578. 18Paragraph 18
  579. Schedule 5: CONDITIONAL EXEMPTION: DEATHS BEFORE 7TH APRIL 1976
  580. Charge on failure of condition of exemption—objects
  581. 1Paragraph 1
  582. 2Paragraph 2
  583. Charge on failure of condition of exemption—buildings etc.
  584. 3Paragraph 3
  585. 4Paragraph 4
  586. Further undertaking on disposal
  587. 5Paragraph 5
  588. Requirements of sale
  589. 6Paragraph 6
  590. Schedule 5A: Qualifying payments: victims of persecution during Second World War era
  591. Part 1: Compensation payments
  592. 1Paragraph 1
  593. 2Paragraph 2
  594. 3Paragraph 3
  595. 4Paragraph 4
  596. 5Paragraph 5
  597. 6Paragraph 6
  598. 7Paragraph 7
  599. 8Paragraph 8
  600. 9Paragraph 9
  601. 10Paragraph 10
  602. Part 2: Ex-gratia payments
  603. Schedule 6: TRANSITION FROM ESTATE DUTY
  604. General
  605. 1Paragraph 1
  606. Surviving spouse or former spouse
  607. 2Paragraph 2
  608. Sales and mortgages of reversionary interests
  609. 3Paragraph 3
  610. Objects of national etc. interest left out of account on death
  611. 4Paragraph 4
  612. Schedule 7: COMMENCEMENT: SUPPLEMENTARY RULES
  613. 1Paragraph 1
  614. 2Paragraph 2
  615. 3Paragraph 3
  616. 4Paragraph 4
  617. 5Paragraph 5 Repealed
  618. 6Paragraph 6
  619. 7Paragraph 7
  620. 8Paragraph 8
  621. 9Paragraph 9
  622. 10Paragraph 10
  623. 11Paragraph 11
  624. 12Paragraph 12
  625. 13Paragraph 13
  626. 14Paragraph 14
  627. Schedule 8: CONSEQUENTIAL AMENDMENTS
  628. The Land Registration Act 1925
  629. 1Paragraph 1 Repealed
  630. The Crown Proceedings Act 1947
  631. 2Paragraph 2
  632. The Land Charges Act 1972
  633. 3Paragraph 3
  634. The Finance Act 1975
  635. 4Paragraph 4
  636. 5—7Paragraph 5—7 Repealed
  637. The Finance Act 1977
  638. 8Paragraph 8
  639. The Capital Gains Tax Act 1979
  640. 9Paragraph 9 Repealed
  641. 10Paragraph 10 Repealed
  642. 11Paragraph 11 Repealed
  643. 12Paragraph 12 Repealed
  644. The National Heritage Act 1980
  645. 13Paragraph 13
  646. 14Paragraph 14
  647. 15Paragraph 15
  648. 16Paragraph 16
  649. The Finance Act 1980
  650. 17Paragraph 17
  651. 18Paragraph 18
  652. 19Paragraph 19
  653. The Supreme Court Act 1981
  654. 20Paragraph 20
  655. The Finance Act 1982
  656. 21Paragraph 21
  657. 22Paragraph 22
  658. The Finance (No. 2) Act 1983
  659. 23Paragraph 23 Repealed
  660. The Value Added Tax Act 1983
  661. 24Paragraph 24
  662. The Land Registration Act (Northern Ireland) 1970
  663. 25Paragraph 25 Repealed
  664. Schedule 9REPEALS
  665. Schedule Schedule