There are currently no known outstanding effects for the The Inheritance Tax (Market Makers and Discount Houses) Regulations 2012, Section 7.
7. For the purposes of section 234(3)(c)(ii) of the Inheritance Tax Act 1984 the description of a company is a company in an EEA State F1... which—
(a)holds itself out at all normal times, in compliance with the rules of a regulated market F2..., as willing to buy and sell securities, stocks and shares at a price specified by it, and
(b)is recognised as doing so by that regulated market.
Textual Amendments
F1Words in reg. 7 omitted (31.12.2020) by virtue of The Taxes (Amendments) (EU Exit) Regulations 2019 (S.I. 2019/689), regs. 1, 33(3)(a) (with regs. 39-41); 2020 c. 1, Sch. 5 para. 1(1)
F2Words in reg. 7(a) omitted (31.12.2020) by virtue of The Taxes (Amendments) (EU Exit) Regulations 2019 (S.I. 2019/689), regs. 1, 33(3)(b) (with regs. 39-41); 2020 c. 1, Sch. 5 para. 1(1)
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