F1SCHEDULE 1AGifts to charities etc: tax charged at lower rate

Annotations:
Amendments (Textual)
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

Opting out

8

1

If an election is made under this paragraph in relation to a component of the estate, this Schedule is to apply as if the donated amount for that component were less than 10% of the baseline amount for it (whether or not it actually is).

2

The election must be made by all those who are appropriate persons (as defined in paragraph 7(7)) with respect to the component.