1U.K.In this Schedule—
“IHTA 1984” means the Inheritance Tax Act 1984 (c. 51);
[F1“ITTOIA 2005” means the Income Tax (Trading and Other Income Act) 2005;]
“the 1986 Act” means the Finance Act 1986 (c. 41);
“chattel” means any tangible movable property (or, in Scotland, corporeal movable property) other than money;
“excluded transaction” has the meaning given by paragraph 10;
“intangible property” means any property other than chattels or interests in land;
“interest in land” has the same meaning as in Chapter 4 of Part 6 of IHTA 1984;
“land” has the same meaning as in IHTA 1984;
“prescribed” means prescribed by regulations;
“property” has the same meaning as in IHTA 1984;
“regulations” means regulations made by the Treasury under this Schedule;
“settlement” and “settled property” have the same meanings as in IHTA 1984.
Textual Amendments
F1Words in Sch. 15 para. 1 inserted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 653(2) (with Sch. 2)