{
  "url": "https://openlegislation.uk/inheritance-tax-delivery-of-accounts-excepted-settlements-regulations-2002/regulation-2",
  "json_url": "https://openlegislation.uk/inheritance-tax-delivery-of-accounts-excepted-settlements-regulations-2002/regulation-2.json",
  "legislation": "uksi/2002/1732",
  "legislation_title": "The Inheritance Tax (Delivery of Accounts) (Excepted Settlements) Regulations 2002",
  "legislation_url": "https://openlegislation.uk/inheritance-tax-delivery-of-accounts-excepted-settlements-regulations-2002",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Interpretation",
  "text": "In these Regulations—\n“the 1984 Act” means the Inheritance Tax Act 1984;\n“the Board” means the Commissioners of Inland Revenue;\n“a chargeable event” means an occasion on which tax is chargeable under section 64 (charge at ten-year anniversary) or section 65 (charge at other times) of the 1984 Act;\n“an excepted settlement” has the meaning given in regulation 3;\n“qualifying interest in possession” has the meaning given in section 59 of the 1984 Act;\n“related settlement” has the meaning given in section 62 of the 1984 Act;\n“settlement” has the meaning given in section 43 of the 1984 Act;\n“settlor” has the meaning given in section 44 of the 1984 Act;\n“trustee” has the meaning given in section 45 of the 1984 Act;\n“value” means value for the purposes of tax.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Section 59 was amended by section 52(4) and (5) of the Finance Act 1995 (c. 4)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2002/1732/regulation/2",
    "retrieved_at": "2026-10-29T06:53:25.956548+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."
}