51 Disposal of interest in possession
Inheritance Tax Act 1984 (1984 c 51) | Legislation

51  Disposal of interest in possession

(1)     Where a person beneficially entitled to an interest in possession in settled property disposes of his interest the disposal—

(a)     is not a transfer of value, but

(b)     shall be treated for the purposes of this Chapter as the coming to an end of his interest;

and tax shall

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