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.