30 Conditionally exempt transfers
Inheritance Tax Act 1984 (1984 c 51) | Legislation

Chapter II
Conditional Exemption

30  Conditionally exempt transfers

(1)     A transfer of value is an exempt transfer to the extent that the value transferred by it is attributable to property—

(a)     which, on a claim made for the purpose, is designated by the Treasury under section 31 below, and

(b)     with respect to which the requisite undertaking described in that section is given by such person as the Treasury think appropriate in the circumstances of the case [or (where the property is an area of land within subsection (1)(d) of that section) with respect to which the requisite undertakings described in that section are given

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Violent disorder

Violent disorderThe offence of violent disorderViolent disorder can be tried in the magistrates' court or the Crown Court. These offences will normally be dealt with in the Crown Court. However, there may be cases involving minor violence or threats of violence leading to no or minor injury, with

LEXISNEXIS

Mistake in contract law

Mistake in contract lawThis Practice Note considers the legal concept of mistake in contract law. It examines common mistake, mutual mistake, unilateral mistake, mistake as to identity and mistake as to the document signed (non est factum). It also considers the impact of each of these types of

LEXISNEXIS

PRA Rulebook—introduction for the insurance and reinsurance sector

PRA Rulebook—introduction for the insurance and reinsurance sectorOn 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA Rulebook (Rulebook). The transition from the Handbook to the Rulebook was intended to benefit PRA-authorised firms, to access clearer and more concise

LEXISNEXIS

Scotland: the Accountant in Bankruptcy

Scotland: the Accountant in BankruptcyThe office of the Accountant in Bankruptcy (AiB) was created by section 156 of the Bankruptcy (Scotland) Act 1856 . Previously, the functions of the AiB were limited but since 1993, with the enactment of the Bankruptcy (Scotland) Act 1993 (B(S)A 1993), the role