{
  "url": "https://openlegislation.uk/inheritance-tax-double-charges-relief-regulations-1987/schedule/part-IV",
  "json_url": "https://openlegislation.uk/inheritance-tax-double-charges-relief-regulations-1987/schedule/part-IV.json",
  "legislation": "uksi/1987/1130",
  "legislation_title": "The Inheritance Tax (Double Charges Relief) Regulations 1987",
  "legislation_url": "https://openlegislation.uk/inheritance-tax-double-charges-relief-regulations-1987",
  "path": "schedule/part/IV",
  "kind": "part",
  "number": "IV",
  "heading": null,
  "text": "May 1986\nS transfers into discretionary trust property worth £150,000. Immediate charge at the rates then in force.\nTax paid £13,750\nOct 1986\nS gives T a life interest in shares worth £85,000. Immediate charge at the rates then in force.\nTax paid £19,500\nJan 1991\nS makes a PET to R of £20,000.\nDec 1992\nT dies, and the settled shares return to S who is the settlor and therefore no tax charge on the shares on T’s death.\nAug 1993\nS dies. His death estate includes the shares returned from T which are currently worth £75,000, and other assets worth £144,000.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1987/1130/schedule/part/IV",
    "retrieved_at": "2026-10-29T16:24:37.545550+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."
}