[Part 2 Supplementary]
Inheritance Tax Act 1984 (1984 c 51) | Legislation

[Part 2 Supplementary]

[Disposals and repayments

5

(1)     This paragraph applies to—

(a)     property which constitutes consideration in money or money's worth for the disposal of property to which paragraph 2 or paragraph 3(a) applies;

(b)     any money or money's worth paid in respect of a creditor's rights falling within paragraph 3(a);

(c)     any property directly or indirectly representing property within paragraph (a) or (b).

(2)     If and to the extent that this paragraph applies to any property—

(a)     for the two-year period it is not excluded property by virtue of section 6(1), (1A) or (2) or 48(3)(a), (3A) or (4), and

(b)     if it is held in a qualifying foreign currency account

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