228 Shares, etc within section 227
Inheritance Tax Act 1984 (1984 c 51) | Legislation

228  Shares, etc within section 227

(1)     This section applies—

(a)     to shares or securities of a company which immediately before the chargeable transfer gave control of the company—

(i)     in the case of a transfer on death, to the deceased,

(ii)     in the case of a transfer under Chapter III of Part III of this Act, to the trustees, and

(iii)     in any other case, to the transferor;

(b)     to shares or securities of a company [which do not fall under paragraph (a) above and are unquoted], if the chargeable transfer is made on death and the condition stated in subsection (2) below is satisfied;

(c)     to shares or securities of a company [which

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