49 Treatment of interests in possession
Inheritance Tax Act 1984 (1984 c 51) | Legislation

[Chapter II
Interests in Possession, Reversionary Interests and Settlement Powers]

49  Treatment of interests in possession

(1)     A person beneficially entitled to an interest in possession in settled property shall be treated for the purposes of this Act as beneficially entitled to the property in which the interest subsists.

[(1A)     Where the interest in possession

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