Related Commentary  Related CasesRelated HMRC Manuals

53(1)  Tax shall not be chargeable under section 52 above if the settled property is excluded property.

53(1A)  Tax shall not be chargeable under section 52 above if–

(a)the person whose interest comes to an end became beneficially entitled to the interest before 22nd March 2006,

(b)the interest comes to an end on or after that day, and

(c)immediately before the interest comes to an end, section 71A or 71D below applies to the property in which the interest subsists.

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