SCHEDULES

SCHEDULE 38Quotation 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.