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200(1)  The persons liable for the tax on the value transferred by a chargeable transfer made (under section 4 above) on the death of any person are–

(a)so far as the tax is attributable to the value of property which either–

(i)was not immediately before the death comprised in a settlement, or

(ii)was so comprised and consists of land in the United Kingdom which devolves upon or vests in the deceased’s personal representatives,

the deceased’s personal representatives;

(b)so far as the tax is attributable to the value of property which, immediately before the death, was comprised in a settlement, the trustees of the settlement;

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