159 Unilateral relief
Inheritance Tax Act 1984 (1984 c 51) | Legislation

159  Unilateral relief

(1)     Where the Board are satisfied that in any territory outside the United Kingdom (an “overseas territory”) any amount of tax imposed by reason of any disposition or other event is attributable to the value of any property, then, if—

(a)     that tax is of a character similar to that of inheritance tax or is chargeable on or by reference to death or gifts inter vivos, and

(b)     any inheritance tax chargeable by reference to the same disposition or other event is also attributable to the value of that property,

they shall allow a credit in respect of that amount (“the overseas tax”) against that inheritance tax in accordance with

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