SCHEDULES
SCHEDULE 38 Quotation or listing of securities
The Inheritance Tax Act 1984
5
1
In each of sections 227(1AA) and 228(5) of that Act (meaning of “unquoted”), for the word “quoted” there shall be substituted “
listed
”
.
2
This paragraph has effect—
a
in relation to transfers of value on or after 1st April 1996; and
b
for the purposes of any charge to tax by reason of an event occurring on or after 1st April 1996, in relation to transfers of value before that date.