SCHEDULES

SCHEDULE 37Companies owned by employee-ownership trusts

PART 3Inheritance tax relief

12

1

In section 29A (abatement of exemption where claim settled out of beneficiary’s own resources), in subsection (6)—

a

for “to 28” substitute “to 28A”, and

b

for “or 28” substitute “, 28 or 28A”.

2

The amendment made by this paragraph has effect in relation to transfers of value made on or after 6 April 2014.