# The Inheritance Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2017, Regulation 2: Interpretation


In these Regulations—
“chargeable transfer” has the meaning given by section 2(1) of IHTA 1984;
“estate” shall be construed in accordance with sections 5, 55 and 151(4) of IHTA 1984;
“IHTA 1984” means the Inheritance Tax Act 1984;
“potentially exempt transfer” has the meaning given by section 3A(1) and (1A) of IHTA 1984;
“property” shall be construed in accordance with section 272 of IHTA 1984;
“relevant property” has the meaning given by section 58 of IHTA 1984;
“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;
“transfer of value” has the meaning given by section 3(1) of IHTA 1984.

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Source: https://www.legislation.gov.uk/uksi/2017/1172/regulation/2 (the official version)
Page: https://openlegislation.uk/inheritance-tax-avoidance-schemes-prescribed-descriptions-of-arrangements-regulations-2017/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.