# The Inheritance Tax (Delivery of Accounts) (Excepted Settlements) Regulations 2008, Regulation 2: Interpretation

Extent: E+W+S+N.I.
Status: prospective

(1) In these Regulations—
“the 1984 Act” means the Inheritance Tax Act 1984;
“the Commissioners” means the Commissioners for Her Majesty’s Revenue and Customs;
“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);
“an excepted settlement” has the meaning given in regulation 4;
“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;
“qualifying interest in possession” has the meaning given in section 59;
“related settlement” has the meaning given in section 62;
“settlement” has the meaning given in section 43;
“settlor” has the meaning given in section 44;
“trustee” has the meaning given in section 45;
“value” means value for the purposes of tax.
(2) In these Regulations, a reference to a section is a reference to the section of the 1984 Act bearing that number.

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Source: https://www.legislation.gov.uk/uksi/2008/606/regulation/2 (the official version)
Page: https://openlegislation.uk/inheritance-tax-delivery-of-accounts-excepted-settlements-regulations-2008/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.