Related Commentary  Related HMRC Manuals

42(1)  In this Chapter–

gift” , in relation to any transfer of value, means the benefit of any disposition or rule of law by which, on the making of the transfer, any property becomes (or would but for any abatement become) the property of any person or applicable for any purpose;

given” , shall be construed accordingly;

specific gift”  means any gift other than a gift of residue or of a share in residue.

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