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Regulation 5 Prescribed description of arrangements in relation to inheritance tax

Original text. Later amendments are not shown.

(1)

Arrangements are excepted from being prescribed under regulation 3 if they—

(a)

implement a proposal which has been implemented by related arrangements; and

(b)

are substantially the same as the related arrangements.

(2)

In this regulation “related arrangements” means arrangements which—

(a)

were entered into before 1st April 2018; and

(b)

at the time they were entered into, accorded with established practice of which HMRC had indicated their acceptance.