# Inheritance Tax Act 1984, Paragraph 3


This paragraph applies to—
(a) the rights of a creditor in respect of a loan which is a relevant loan (see paragraph 4), and
(b) money or money's worth held or otherwise made available as security, collateral or guarantee for a loan which is a relevant loan, to the extent that it does not exceed the value of the relevant loan.

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Source: https://www.legislation.gov.uk/ukpga/1984/51/schedule/A1/paragraph/3 (the official version)
Page: https://openlegislation.uk/inheritance-tax-act-1984/schedule-A1/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.