76 Property becoming held for charitable purposes, etc
Inheritance Tax Act 1984 (1984 c 51) | Legislation

76  Property becoming held for charitable purposes, etc

(1)     Tax shall not be charged under this Chapter (apart from section 79 below) in respect of property which ceases to be relevant property, or ceases to be property to which section 70, 71, [71A, 71D,] 72, 73 or 74 above or paragraph 8 of Schedule 4 to this Act applies, on becoming—

(a)     property held for charitable purposes only without limit of time (defined by a date or otherwise);

(b)     the property of a political party qualifying for exemption under section 24 above; [or]

(c)     the property of a body within Schedule 3 to this Act; . . .

(d)     . . ..

(2)     . . .

(3)     If the amount on which tax would be charged apart from this section in respect

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