[57A Relief where property enters maintenance fund]
Inheritance Tax Act 1984 (1984 c 51) | Legislation

[57A  Relief where property enters maintenance fund]

[(1)     Subject to the following provisions, subsection (2) below applies where—

(a)     a person dies who immediately before his death was beneficially entitled to an interest in possession in property comprised in a settlement, and

(b)     within two years after his death the property becomes held on trusts (whether of that or another settlement) by virtue of which a direction under paragraph 1 of Schedule 4 to this Act is given in respect of the property.

[(1A)     Where the interest mentioned in subsection (1)(a) above is one to which the person became beneficially entitled on or after 22nd March 2006, subsection (2) below does not apply unless, immediately before the person's death, the interest was—

(a)     an immediate post-death interest,

(b)

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