144 Distribution etc from property settled by will
Inheritance Tax Act 1984 (1984 c 51) | Legislation

144  Distribution etc from property settled by will

(1)     [Subsection (2) below applies] where property comprised in a person's estate immediately before his death is settled by his will and, within the period of two years after his death and before any interest in possession has subsisted in the property, there occurs—

(a)     an event on which tax would [(apart from subsection (2) below)] be chargeable under any provision, other than section 64 or 79, of Chapter III of Part III of this Act, or

(b)     an event on which tax would be so chargeable but for section [65(4),] 75[, 75A] or 76 above or paragraph 16(1) of Schedule 4 to this Act.

[(1A)     Where the testator dies on or after 22nd March 2006, subsection (1) above shall have effect as if the reference to any

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