Related Commentary  Related CasesRelated HMRC Manuals

144(1)  Subsection (2) below applies where property comprised in a person’s estate immediately before his death is settled by his will and, within the period of two years after his death and before any interest in possession has subsisted in the property, there occurs–

(a)an event on which tax would (apart from subsection (2) below) be chargeable under any provision, other than section 64 or 79, of Chapter III of Part III of this Act, or

(b)an event on which tax would be so chargeable but for section 65(4), 75, 75A or 76 above or paragraph 16(1) of Schedule 4 to this Act.

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