Related Commentary  Related HMRC Manuals

227(1)  Where any of the tax payable on the value transferred by a chargeable transfer is attributable to the value of qualifying property and–

(a)the transfer is made on death, or

(b)the tax so attributable is borne by the person benefiting from the transfer, or

(c)the transfer is made under Part III of this Act and the property concerned continues to be comprised in the settlement,

the tax so attributable may, if the person paying it by notice in writing to the Board so elects, be paid by ten equal yearly instalments.

227(1A)  Subsection (1) above does not apply to–

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