# Inheritance Tax Act 1984, Section 49A: Immediate post-death interest


(1) Where a person (“L”) is beneficially entitled to an interest in possession in settled property, for the purposes of this Chapter that interest is an “immediate post-death interest” only if the following conditions are satisfied.
(2) Condition 1 is that the settlement was effected by will or under the law relating to intestacy.
(3) Condition 2 is that L became beneficially entitled to the interest in possession on the death of the testator or intestate.
(4) Condition 3 is that—
(a) section 71A below does not apply to the property in which the interest subsists, and
(b) the interest is not a disabled person's interest.
(5) Condition 4 is that Condition 3 has been satisfied at all times since L became beneficially entitled to the interest in possession.

---
Source: https://www.legislation.gov.uk/ukpga/1984/51/section/49A (the official version)
Page: https://openlegislation.uk/inheritance-tax-act-1984/section-49A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.