SCHEDULES

SCHEDULE 38 Quotation or listing of securities

The Inheritance Tax Act 1984

4

(1)

In section 178(2) of that Act (shares or investments whose quotation is suspended at time of death)—

(a)

for “quotation” there shall be substituted “ listing ”; and

(b)

for “quoted” there shall be substituted “ so listed or dealt in ”.

(2)

In section 186B(1) of that Act (shares or investments whose quotation is suspended at the end of the relevant period), for “quotation” there shall be substituted “ listing ”.

(3)

This paragraph has effect in relation to investments sold, or treated as sold, on or after 1st April 1996.