Inheritance Tax Act 1984 (c. 51)

[F1 SCHEDULE 1A U.K. Gifts to charities etc: tax charged at lower rate

Textual Amendments

F1 Sch. 1A inserted (with effect in accordance with Sch. 33 para. 10(1) of the amending Act) by Finance Act 2012 (c. 14), Sch. 33 para. 1

Application of this Schedule U.K.

1 (1) This Schedule applies if— U.K.

(a) a chargeable transfer is made (under section 4) on the death of a person (“D”), and

(b) all or part of the value transferred by the chargeable transfer is chargeable to tax at a rate other than nil per cent.

(2) The part of the value transferred that is chargeable to tax at a rate other than nil per cent is referred to in this Schedule as “TP”.]