123 Provisions supplementary to section 122
Inheritance Tax Act 1984 (1984 c 51) | Legislation

123  Provisions supplementary to section 122

(1)     Section 116 above shall not apply by virtue of section 122(1) above unless—

(a)     the agricultural property—

(i)     was occupied by the company for the purposes of agriculture throughout the period of two years ending with the date of the transfer, or

(ii)     was owned by the company throughout the period of seven years ending with that date and was throughout that period occupied (by the company or another) for the purposes of agriculture, and

(b)     the shares or securities were

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