# The Inheritance Tax (Market Makers and Discount Houses) Regulations 2012, Regulation 6: Description for the purposes of sections 105(4A) and 234(3)(c)(ii) of the Inheritance Tax Act 1984


For the purposes of section 105(4A) of the Inheritance Tax Act 1984 the description of a business is a business in an EEA State ... which—
(a) holds itself out at all normal times, in compliance with the rules of a regulated market ..., as willing to buy and sell securities, stocks and shares at a price specified by it, and
(b) is recognised as doing so by that regulated market.

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Source: https://www.legislation.gov.uk/uksi/2012/2903/regulation/6 (the official version)
Page: https://openlegislation.uk/inheritance-tax-market-makers-and-discount-houses-regulations-2012/regulation-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.