Related Commentary  

5(1)  This regulation applies in the circumstances to which paragraph (b) of section 104(1) of the 1986 Act refers where the conditions (“specified conditions” ) of paragraph (2) are fulfilled.

5(2)  The specified conditions to which paragraph (1) refers are–

(a)an individual (“the deceased” ) makes a transfer of value by way of gift of property,

(b)the transfer is made on or after 18th March 1986,

(c)the transfer is or proves to be a chargeable transfer,

(d)the deceased dies on or after 18th March 1986,

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

No subscription?

Contact us to discuss your requirements.