FB12/Sch33/Para 7 inserts a new section 141A that deals with the application of QSR (IHTM22041) where an estate also qualifies for the reduced rate of tax.

Where there is only one estate component, QSR can be applied in the normal way as it is reducing the tax chargeable on the value transferred on death. And it may also be applied in the normal way where there is more than one component of the estate, but all the components are entitled to the reduced rate of tax as the apportionment of the relief by reference to the capital of the estate will produce the same result as that contained in IHTA84/S141A.

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