272 General interpretation
Inheritance Tax Act 1984 (1984 c 51) | Legislation

272  General interpretation

In this Act, except where the context otherwise requires,—

“amount” includes value;

[“authorised unit trust” means a scheme which is a unit trust scheme for the purposes of [the Income Tax Acts (see section 1007 of the Income Tax Act 2007)] and in the case of which an order under section 243 of the Financial Services and Markets Act 2000 is in force;]

“barrister” includes a member of the Faculty of Advocates;

“the Board” means the Commissioners of Inland Revenue;

...

[“commencement” of a settlement has the meaning given by section 48A;]

“conditionally exempt transfer” shall be construed in accordance with section 30(2) above;

[“disabled person's interest” has the meaning given by section 89B above;]

“disposition” includes a disposition effected by associated operations;

“estate” shall be construed in accordance with sections 5, 55 and 151(4) above;

“estate duty” includes estate duty under the law of Northern Ireland;

“excluded property” shall be construed in accordance with sections 6 and 48 above [and Schedule A1];

[“foreign-owned”, in relation to property at any time, means property—

(a)     in the case of which the person beneficially entitled to it is at that time domiciled outside

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