{
  "url": "https://openlegislation.uk/inheritance-tax-market-makers-and-discount-houses-regulations-2012/regulation-7",
  "json_url": "https://openlegislation.uk/inheritance-tax-market-makers-and-discount-houses-regulations-2012/regulation-7.json",
  "legislation": "uksi/2012/2903",
  "legislation_title": "The Inheritance Tax (Market Makers and Discount Houses) Regulations 2012",
  "legislation_url": "https://openlegislation.uk/inheritance-tax-market-makers-and-discount-houses-regulations-2012",
  "path": "regulation/7",
  "kind": "regulation",
  "number": "7",
  "heading": null,
  "text": "For the purposes of section 234(3)(c)(ii) of the Inheritance Tax Act 1984 the description of a company is a company in an EEA State ... which—\n(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\n(b) is recognised as doing so by that regulated market.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 7 omitted (31.12.2020) by virtue of The Taxes (Amendments) (EU Exit) Regulations 2019 (S.I. 2019/689), regs. 1, 33(3)(a) (with regs. 39-41); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 7(a) omitted (31.12.2020) by virtue of The Taxes (Amendments) (EU Exit) Regulations 2019 (S.I. 2019/689), regs. 1, 33(3)(b) (with regs. 39-41); 2020 c. 1, Sch. 5 para. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2012/2903/regulation/7",
    "retrieved_at": "2026-10-29T01:12:52.403800+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."
}