{
  "url": "https://openlegislation.uk/inheritance-tax-market-makers-regulations-1992",
  "json_url": "https://openlegislation.uk/inheritance-tax-market-makers-regulations-1992.json",
  "id": "uksi/1992/3181",
  "title": "The Inheritance Tax (Market Makers) Regulations 1992",
  "short_title": "Inheritance Tax (Market Makers) 1992",
  "long_title": "These Regulations, which come into force on 6th January 1993, extend inheritance tax business relief and the option to pay inheritance tax by interest free instalments, to the businesses of traders on LIFFE (the London International Financial Futures and Options Exchange) who are recognised by LIFFE (Administration and Management) as performing similar functions in relation to financial futures and options to those of market makers on The Stock Exchange. The Regulations achieve this result by extending the definitions of “market maker” in sections 105(7) and 234(4) of the Inheritance Tax Act 1984 with effect from the date of formation of LIFFE.",
  "citation": "S.I. 1992/3181",
  "type": "uksi",
  "year": "1992",
  "number": "3181",
  "version": "current",
  "date": "1992-12-11",
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 1,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/inheritance-tax-market-makers-regulations-1992/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/1",
      "kind": "regulation",
      "number": "1",
      "heading": "Citation and commencement",
      "url": "https://openlegislation.uk/inheritance-tax-market-makers-regulations-1992/regulation-1",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/2",
      "kind": "regulation",
      "number": "2",
      "heading": "Interpretation",
      "url": "https://openlegislation.uk/inheritance-tax-market-makers-regulations-1992/regulation-2",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/3",
      "kind": "regulation",
      "number": "3",
      "heading": "Application of Regulations",
      "url": "https://openlegislation.uk/inheritance-tax-market-makers-regulations-1992/regulation-3",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/4",
      "kind": "regulation",
      "number": "4",
      "heading": "Modifications of subsection (7) and subsection (4)",
      "url": "https://openlegislation.uk/inheritance-tax-market-makers-regulations-1992/regulation-4",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/inheritance-tax-market-makers-regulations-1992/signature",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "note",
      "kind": "note",
      "number": null,
      "heading": "Explanatory note",
      "url": "https://openlegislation.uk/inheritance-tax-market-makers-regulations-1992/note",
      "extent": null,
      "status": null,
      "parent": null
    }
  ],
  "has_text": true,
  "pdfs": [],
  "outstanding_effects": [
    {
      "type": "words substituted",
      "affected_provisions": "reg. 4(a)",
      "affecting": "uksi/2001/3629",
      "affecting_title": "The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001",
      "affecting_provisions": "art. 135"
    }
  ],
  "made_under": [
    {
      "id": "ukpga/1986/41",
      "title": "Finance Act 1986",
      "url": "https://openlegislation.uk/finance-act-1986",
      "provisions": [
        "section/106",
        "section/107"
      ]
    }
  ],
  "changes_made_to": 1,
  "changes_made_to_url": "https://openlegislation.uk/inheritance-tax-market-makers-regulations-1992/changes.json",
  "changes_made_by": 0,
  "changes_made_by_url": "https://openlegislation.uk/inheritance-tax-market-makers-regulations-1992/changes/by-it.json",
  "instruments_made_under": 0,
  "instruments_made_under_url": "https://openlegislation.uk/inheritance-tax-market-makers-regulations-1992/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1992/3181",
    "retrieved_at": "2026-10-29T14:08:51.330983+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."
}