230 Acceptance of property in satisfaction of tax
Inheritance Tax Act 1984 (1984 c 51) | Legislation

230  Acceptance of property in satisfaction of tax

(1)     The Board may, if they think fit and the [Secretary of State agrees], on the application of any person liable to pay tax or interest payable under section 233 below, accept in satisfaction of the whole or any part of it any property to which this section applies.

(2)     This section applies to any such land as may be agreed upon between the Board and the person liable to pay tax.

(3)     This section also applies to any objects which are or have been kept in any building—

(a)     if the Board have determined to accept or have accepted that building in satisfaction or part satisfaction of tax or of

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