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Inheritance Tax Act 1984
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Inheritance Tax Act 1984, Section 47 is up to date with all changes known to be in force on or before 10 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.
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- s. 74(4)(e) and word inserted by S.I. 2025/224 art. 7(2)
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- s. 74(4)(e) and word inserted by S.I. 2025/224 art. 7(2)
47 Reversionary interest.U.K.
In this Act “reversionary interest” means a future interest under a settlement, whether it is vested or contingent (including an interest expectant on the termination of an interest in possession which, by virtue of section 50 below, is treated as subsisting in part of any property) and in relation to Scotland includes an interest in the fee of property subject to a proper liferent.
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