19 Annual exemption
Inheritance Tax Act 1984 (1984 c 51) | Legislation

19  Annual exemption

(1)     Transfers of value made by a transferor in any one year are exempt to the extent that the values transferred by them (calculated as values on which no tax is chargeable) do not exceed £3,000.

(2)     Where those values fall short of £3,000, the amount by which they fall short shall, in relation to the

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