No versions valid at: 10/04/2003
Point in time view as at 10/04/2003. This version of this cross heading contains provisions that are not valid for this point in time.
Finance Act 2003, Paragraph 4 is up to date with all changes known to be in force on or before 07 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Yn ddilys o 10/07/2003
4(1)A transaction following a person’s death that varies a disposition (whether effected by will, under the law relating to intestacy or otherwise) of property of which the deceased was competent to dispose is exempt from charge if the following conditions are met.U.K.
(2)The conditions are—
(a)that the transaction is carried out within the period of two years after a person’s death, and
(b)that no consideration in money or money’s worth other than the making of a variation of another such disposition is given for it.
(3)This paragraph applies whether or not the administration of the estate is complete or the property has been distributed in accordance with the original dispositions.
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