[54B Provisions supplementary to section 54A]
Inheritance Tax Act 1984 (1984 c 51) | Legislation

[54B  Provisions supplementary to section 54A]

[(1)     The death of the settlor, at any time after a chargeable transfer to which section 54A above applies, shall not increase the tax chargeable on the value transferred by the transfer unless, at the time of the transfer, the tax determined in accordance with subsection (5) of that section is greater than the tax that would be chargeable apart from that section.

(2)     The death of the person who was beneficially entitled to the relevant interest, at any time after a chargeable transfer to which section 54A above applies, shall not increase the tax chargeable on the value transferred by the

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