SCHEDULES

SCHEDULE 36Treatment of liabilities for inheritance tax purposes

IHTA 1984

2

1

Section 162 (liabilities) is amended as follows.

2

In subsection (4), after “possible” insert “ and to the extent that it is not taken to reduce value in accordance with section 162B ”.

3

In subsection (5), after “possible” insert “ and to the extent that it is not taken to reduce value in accordance with section 162B ”.