[74C Interpretation of sections 74A and 74B]
Inheritance Tax Act 1984 (1984 c 51) | Legislation

[74C  Interpretation of sections 74A and 74B]

[(1)     Subsections (2) to (4) have effect for the purposes of sections 74A and 74B.

(2)     An individual has an interest in property comprised in a settlement if—

(a)     the property, or any derived property, is or will or may become payable to, or applicable for the benefit of—

(i)     the individual,

(ii)     the individual's spouse or civil partner, or

(iii)     a close company in relation to which the individual or the individual's spouse or civil partner is a participator or a company which is a 51% subsidiary

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Fraud by false representation

Fraud by false representationFraud by false representationFraud by false representation applies to a broader range of conduct than the offences under the preceding legislation (the Theft Act 1968 (TA 1968)). No gain or loss need actually be made, and no deception need operate on the mind of the

LEXISNEXIS

Acknowledgment of service

Acknowledgment of serviceThis Practice Note explains when an acknowledgment of service is required (CPR 10) and the consequences of a failure to file an acknowledgment of service. It identifies the correct form to use, what information must be included and who must to sign the form. The different

LEXISNEXIS

Possession of a bladed article

Possession of a bladed articleThe offence of possession of a bladed articleThe offence of having a bladed article in a public place can be tried in either the magistrates' court or the Crown Court. The magistrates' court will decline jurisdiction in those cases where it appears that its powers of

LEXISNEXIS

Option agreements—the need for a long-stop date

Call options are frequently used by developers to secure a right to buy land if planning permission is obtained. Taking an option provides the developer with time to make and pursue a planning application before having to commit to paying for the land. The developer's initial outlay will be limited