{
  "url": "https://openlegislation.uk/inheritance-tax-delivery-of-accounts-excepted-settlements-regulations-2008/regulation-2",
  "json_url": "https://openlegislation.uk/inheritance-tax-delivery-of-accounts-excepted-settlements-regulations-2008/regulation-2.json",
  "legislation": "uksi/2008/606",
  "legislation_title": "The Inheritance Tax (Delivery of Accounts) (Excepted Settlements) Regulations 2008",
  "legislation_url": "https://openlegislation.uk/inheritance-tax-delivery-of-accounts-excepted-settlements-regulations-2008",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Interpretation",
  "text": "(1) In these Regulations—\n“the 1984 Act” means the Inheritance Tax Act 1984;\n“the Commissioners” means the Commissioners for Her Majesty’s Revenue and Customs;\n“a chargeable event” means an occasion on which tax is chargeable under section 64 (charge at ten-year anniversary), section 65 (charge at other times) or section 71E (charge to tax on property to which section 71D applies);\n“an excepted settlement” has the meaning given in regulation 4;\n“the IHT threshold” means the lower limit shown in the Table in Schedule 1 to the 1984 Act applicable on the occasion of the chargeable event;\n“qualifying interest in possession” has the meaning given in section 59;\n“related settlement” has the meaning given in section 62;\n“settlement” has the meaning given in section 43;\n“settlor” has the meaning given in section 44;\n“trustee” has the meaning given in section 45;\n“value” means value for the purposes of tax.\n(2) In these Regulations, a reference to a section is a reference to the section of the 1984 Act bearing that number.",
  "extent": "E+W+S+N.I.",
  "status": "prospective",
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 2 in force at 6.4.2008, see reg. 1"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "Sections 71A to 71H were inserted by paragraph 1 of Schedule 20 to the Finance Act 2006 (c. 25)."
    }
  ],
  "outstanding_effects": [
    {
      "type": "coming into force",
      "affecting": "uksi/2008/606",
      "affecting_title": "The Inheritance Tax (Delivery of Accounts) (Excepted Settlements) Regulations 2008"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2008/606/regulation/2",
    "retrieved_at": "2026-11-09T03:31:44.060538+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."
}