{
  "url": "https://openlegislation.uk/inheritance-tax-avoidance-schemes-prescribed-descriptions-of-arrangements-regulations-2017/regulation-2",
  "json_url": "https://openlegislation.uk/inheritance-tax-avoidance-schemes-prescribed-descriptions-of-arrangements-regulations-2017/regulation-2.json",
  "legislation": "uksi/2017/1172",
  "legislation_title": "The Inheritance Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2017",
  "legislation_url": "https://openlegislation.uk/inheritance-tax-avoidance-schemes-prescribed-descriptions-of-arrangements-regulations-2017",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Interpretation",
  "text": "In these Regulations—\n“chargeable transfer” has the meaning given by section 2(1) of IHTA 1984;\n“estate” shall be construed in accordance with sections 5, 55 and 151(4) of IHTA 1984;\n“IHTA 1984” means the Inheritance Tax Act 1984;\n“potentially exempt transfer” has the meaning given by section 3A(1) and (1A) of IHTA 1984;\n“property” shall be construed in accordance with section 272 of IHTA 1984;\n“relevant property” has the meaning given by section 58 of IHTA 1984;\n“relevant property entry charge” means the charge to inheritance tax which arises on a transfer of value made by an individual during that individual’s lifetime as a result of which property becomes relevant property;\n“transfer of value” has the meaning given by section 3(1) of IHTA 1984.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1984 c. 51."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Section 3A was inserted by paragraph 1 of Schedule 19 to the Finance Act 1986 (c. 41) and was relevantly amended, including the insertion of subsection (1A), by paragraphs 7 and 9 of Schedule 20 to the Finance Act 2006 (c. 25)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2017/1172/regulation/2",
    "retrieved_at": "2026-10-28T23:05:43.799030+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}