# Inheritance Tax Act 1984, Paragraph 1A


Where a person who has made a potentially exempt transfer before a reduction dies after that reduction (or after that and one or more subsequent reductions) and within the period of seven years beginning with the date of the transfer, tax shall be chargeable by reason of the transfer proving to be a chargeable transfer only if, and to the extent that, it would have been so chargeable if the Table in Schedule 1 as substituted by that reduction (or by the most recent of those reductions) had applied to that transfer.

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Source: https://www.legislation.gov.uk/ukpga/1984/51/schedule/2/paragraph/1A (the official version)
Page: https://openlegislation.uk/inheritance-tax-act-1984/schedule-2/paragraph-1A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.