Related Commentary  Related HMRC Manuals

157(1)  In determining for the purposes of this Act the value of the estate immediately before his death of a person to whom this section applies there shall be left out of account the balance on–

(a)any qualifying foreign currency account of his, and

(b)subject to subsection (3) below, any qualifying foreign currency account of the trustees of settled property in which he is beneficially entitled to an interest in possession.

157(2)  This section applies to a person who is not domiciled and not resident in the United Kingdom immediately before his death.

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