[8FA Downsizing addition: entitlement: low-value death interest in home]
Inheritance Tax Act 1984 (1984 c 51) | Legislation

[8FA  Downsizing addition: entitlement: low-value death interest in home]

[(1)     There is entitlement to a downsizing addition in calculating the person's residence nil-rate amount if each of conditions A to F is met (see subsection (8) for the amount of the addition).

(2)     Condition A is that—

(a)     the person's residence nil-rate amount is given by section 8E(2) or (4), or

(b)     the person's estate immediately before the person's death includes a qualifying residential interest but none of the interest is closely inherited, and—

(i)     where E is less than or equal to TT, so much of [the value transferred by the transfer of value under section 4 on the person's death] as is attributable

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