Regulation 2 Interpretation

In these Regulations—

• “the Board” means the Commissioners of Inland Revenue;

• “the 1984 Act” means the Inheritance Tax Act 1984;

• “an excepted estate” has the meaning given in regulation 3;

• “the prescribed period” in relation to any person is the period beginning with that person’s death and ending—

  1. (a)

     in England, Wales and Northern Ireland, 35 days after the making of the first grant of representation in respect of that person (not being a grant limited in duration, in respect of property or to any special purpose); or

  2. (b)

     in Scotland, 60 days after the date on which confirmation to that person’s estate was first granted;

• “value” means value for the purpose of tax.