Related Commentary  Related HMRC Manuals

54A(1)  If the circumstances fall within subsection (2) below, this section applies to any chargeable transfer made–

(a)under section 52 above, on the coming to an end of an interest in possession in settled property during the life of the person beneficially entitled to it, or

(b)on the death of a person beneficially entitled to an interest in possession in settled property;

and in the following provisions of this section the interest in possession mentioned in paragraph (a) or paragraph (b) above is referred to as “the relevant interest” .

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