Inheritance Tax Act 1984 (c. 51)

PART II U.K. EXEMPT TRANSFERS

CHAPTER I U.K. GENERAL

[F1 24A Gifts to housing associations. U.K.

(1) A transfer of value is exempt to the extent that the value transferred by it is attributable to land in the United Kingdom given to a [F2 body falling within subsection (2) below].

[F3 (2) A body falls within this subsection if it is—

(a) a registered social landlord within the meaning of Part I of the Housing Act 1996;

(b) a registered housing association within the meaning of the Housing Associations Act 1985; or

(c) a registered housing association within the meaning of Part II of the Housing (Northern Ireland) Order 1992..]

(3) Subsections (2) to (5) of section 23 and subsection (4) of section 24 above shall apply in relation to subsection (1) above as they apply in relation to section 24(1).]

Textual Amendments

F1 Finance Act 1989 s. 171(1),with effect from 14March 1989.

F2 Words in s. 24A(1) substituted (1.10.1996) by S.I. 1996/2325, art. 5(1), Sch. 2 para. 12(2)

F3 S. 24A(2) substituted (1.10.1996) by S.I. 1996/2325, art. 5(1), Sch. 2 para. 12(3)