With one exception (mentioned below) charity exemption and the exemptions at IHTA84/S24 to IHTA84/S27 do not apply to any property by reason of IHTA84/S56 (3)(b) if:

immediately before becoming the property of the ‘exempt body’ it was comprised in a settlement, and

on or after 12 April 1978

an interest in the settlement is or has been acquired for a consideration in money or money's worth by the same organisation or another ‘exempt body’

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