{
  "url": "https://openlegislation.uk/taxes-amendments-eu-exit-regulations-2019/regulation-3",
  "json_url": "https://openlegislation.uk/taxes-amendments-eu-exit-regulations-2019/regulation-3.json",
  "legislation": "uksi/2019/689",
  "legislation_title": "The Taxes (Amendments) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/taxes-amendments-eu-exit-regulations-2019",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Inheritance Tax Act 1984",
  "text": "(1) The Inheritance Tax Act 1984 is amended as follows.\n(2) In section 59(3)(b) for the words from “is” to the end substitute—\n“—\n(i) is an insurance company (within the meaning of Part 2 of the Finance Act 2012), and\n(ii) has permission under Part 4A of the Financial Services and Markets Act 2000 to effect or carry out contracts of long-term insurance.”.\n(3) In section 115(5)(b) omit “, other than the United Kingdom,”.\n(4) In section 125(1A) for “another” substitute “is in a”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 3 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "1984 c. 51."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Section 59(3)(b) was amended by section 52(4) of the Finance Act 1995 (c. 4), S.I. 2001/3629, paragraph 69 of Schedule 16 to the Finance Act 2012 (c. 14) and paragraph 44 of Schedule 18 to the Financial Services Act 2012 (c. 21)."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "2012 c. 14."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "2000 c. 8."
    },
    {
      "type": "footnote",
      "label": "f5",
      "text": "Section 115(5) was substituted by section 122(3) of the Finance Act 2009 (c. 10)."
    },
    {
      "type": "footnote",
      "label": "f6",
      "text": "Section 125(1A) was inserted by section 122(6) of the Finance Act 2009."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2019/689/regulation/3",
    "retrieved_at": "2026-10-28T22:43:10.253357+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."
}