LegalizeReform history
Inheritance Tax Act 1984
74 versions
· 1984-07-31
2025-04-06
Inheritance Tax Act 1984
2025-03-21
Inheritance Tax Act 1984
2025-03-20
Inheritance Tax Act 1984
2024-11-04
Inheritance Tax Act 1984
2024-10-30
Inheritance Tax Act 1984
2024-10-21
Inheritance Tax Act 1984
2024-05-24
Inheritance Tax Act 1984
2022-06-06
Inheritance Tax Act 1984
2021-07-26
Inheritance Tax Act 1984
2021-06-10
Inheritance Tax Act 1984
2020-12-31
Inheritance Tax Act 1984
2020-07-22
Inheritance Tax Act 1984
2019-02-12
Inheritance Tax Act 1984
2018-04-01
Inheritance Tax Act 1984
2017-11-16
Inheritance Tax Act 1984
2016-09-15
Inheritance Tax Act 1984
2015-11-19
Inheritance Tax Act 1984
2015-11-18
Inheritance Tax Act 1984
2015-04-06
Inheritance Tax Act 1984
2015-03-26
Inheritance Tax Act 1984
2014-07-17
Inheritance Tax Act 1984
2014-04-06
Inheritance Tax Act 1984
2013-07-17
Inheritance Tax Act 1984
2013-04-01
Inheritance Tax Act 1984
2012-12-31
Inheritance Tax Act 1984
2012-07-17
Inheritance Tax Act 1984
2012-06-20
Inheritance Tax Act 1984
2012-04-01
Inheritance Tax Act 1984
2011-07-19
Inheritance Tax Act 1984
2011-06-16
Inheritance Tax Act 1984
2010-04-08
Inheritance Tax Act 1984
2010-04-01
Inheritance Tax Act 1984
2010-01-12
Inheritance Tax Act 1984
2010-01-01
Inheritance Tax Act 1984
2009-12-01
Inheritance Tax Act 1984
Changes on 2009-12-01
@@ -4026,7 +4026,7 @@
- (1) In determining the value of a person’s estate immediately before his death, allowance shall be made for—
- (a) any liability for income tax in respect of an offshore income gain, within the meaning of Chapter V of Part VII of the Taxes Act 1988, arising on a disposal which is deemed to occur on the death by virtue of section 757(3) of that Act; and
- (a) any liability for income tax in respect of an offshore income gain, within the meaning of regulations made under section 41(1) of the Finance Act 2008, arising on a disposal which is deemed, under such regulations (see regulation 34 of the Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)), to occur on the death; and
- (b) any liability to income tax arising under Chapter 8 of Part 4 of the Income Tax (Trading and Other Income) Act 2005 (deeply discounted securities) on a transfer which is treated as taking place by virtue of section 437(2) of that Act .
@@ -6862,7 +6862,7 @@
## SCHEDULE 9
#### Chargeable transfers and exempt transfers.
#### Charge on transfers.
##### 3A
@@ -7574,7 +7574,7 @@
- (6) For the purposes of this section, a person shall be treated as acquiring property for a consideration in money or money’s worth if he becomes entitled to it as a result of transactions which include a disposition for such consideration (whether to him or another) of that or other property. ]
#### Transfers on death.
#### Meaning of estate.
##### 71A
@@ -8028,7 +8028,7 @@
- (3) Section 71D above does not apply to property in which there subsists a disabled person's interest within subsection (1)(c) above (but see also section 71D(5) above).
#### Gifts to charities.
#### Gifts to political parties.
##### 109A
@@ -8382,7 +8382,7 @@
$$AEANRBM×100$where—AE is the adjusted excess, that is the amount by which M would be greater than VT under section 8A(2) above in the case of the member if—(a) the taxable amount were included in the value transferred by the chargeable transfer made on the member's death, and(b) the nil-rate band maximum at the time of the member's death were ANRBM; andANRBM is the adjusted nil-rate band maximum, that is the nil-rate band maximum in the applicable Table (as reduced under subsection (6) above where that subsection applies).$
#### Exceptions from charge on death
#### Special rate of charge where settled property affected by potentially exempt transfer.
##### 151C
@@ -8732,7 +8732,7 @@
- (9) If subsection (8) applies, HMRC must notify the appellant of the conclusion which the review is treated as having reached.
#### Relevant property.
#### Qualifying interest in possession.
##### 223F
@@ -10014,6 +10014,8 @@
[^c13612721]: *See* Finance Act 1986 s. 100(1)*and* (2)—*for any liability to tax arising on and after* 25*July* 1986*any reference in the legislation to capital transfer tax has effect as a reference to inheritance tax.*
[^c21431281]: Words in [s. 174(1)(a)](https://www.legislation.gov.uk/ukpga/1984/51/section/174/1/a) substituted (1.12.2009 with effect as mentioned in reg. 1(2) of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [reg. 125](https://www.legislation.gov.uk/uksi/2009/3001/regulation/125) (with [Sch. 1](https://www.legislation.gov.uk/uksi/2009/3001/schedule/1))
[^c13612751]: Words in [s. 174(1)(b)](https://www.legislation.gov.uk/ukpga/1984/51/section/174/1/b) substituted (29.4.1996 with effect as mentioned in s. 105, [Sch. 14 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/2/2) of the amending Act) by [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8), [s. 104](https://www.legislation.gov.uk/ukpga/1996/8/section/104), [Sch. 14 para. 2(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/2/1)
[^c19469471]: Words in [s. 174(1)(b)](https://www.legislation.gov.uk/ukpga/1984/51/section/174/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 882](https://www.legislation.gov.uk/ukpga/2005/5/section/882), [883](https://www.legislation.gov.uk/ukpga/2005/5/section/883), [Sch. 1 para. 396(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/396/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
@@ -10692,10 +10694,6 @@
[^c21411481]: [S. 151BA(8)-(12)](https://www.legislation.gov.uk/ukpga/1984/51/section/151BA/8) inserted (with effect as mentioned in [Sch. 4 para. 9(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/4/paragraph/9/1) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 91](https://www.legislation.gov.uk/ukpga/2008/9/section/91), [Sch. 4 para. 4(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/4/paragraph/4/4)
[^c13612731]: [Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 29](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29), [para. 32](https://www.legislation.gov.uk/ukpga/1988/1/paragraph/32).*Originally* “VII of Part II of the Finance Act 1984”.
[^c13612741]: [Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 29](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29), [para. 32](https://www.legislation.gov.uk/ukpga/1988/1/paragraph/32).*Originally* “92(3)”.
[^c19474521]: Words in [s. 200(1)](https://www.legislation.gov.uk/ukpga/1984/51/section/200/1) inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 160](https://www.legislation.gov.uk/ukpga/2006/25/section/160), [Sch. 22 para. 5(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/22/paragraph/5/2)
[^c19474601]: Words in [s. 216(3)(a)](https://www.legislation.gov.uk/ukpga/1984/51/section/216/3/a) inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 160](https://www.legislation.gov.uk/ukpga/2006/25/section/160), [Sch. 22 para. 7(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/22/paragraph/7/3)
@@ -10758,13 +10756,13 @@
The National Gallery.
#### Commencement of settlement.
#### Ten-year anniversary.
The National Gallery.
#### Rate of ten-yearly charge.
#### Variation of undertakings.
#### Added property, etc.
#### Initial interest of settlor or spouse or civil partner.
The British Museum.
@@ -10772,30 +10770,30 @@
#### Gifts to charities.
#### Effect of alterations of capital, etc
#### The relief.
#### Transfers where participators are trustees.
#### Relevant business property.
#### Voidable transfers.
The National Gallery.
#### Dependant dying with other pension fund
#### Dependant dying with other pension fund
#### Cash options.
#### Effect of conclusions of review
#### Interest on instalments.
The British Museum.
#### Failure to provide information etc.
The National Gallery.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The National Gallery.
#### Dependant dying with other pension fund
#### Unauthorised payment where person dies over 75 with pension or annuity
#### Overseas pensions.
#### Notifying appeal to tribunal after review concluded
#### Interest on overpaid tax.
The British Museum.
#### Failure to provide information etc.
The National Gallery.
#### Provision of incorrect information.
The British Museum.
2009-10-31
Inheritance Tax Act 1984
2009-10-01
Inheritance Tax Act 1984
2009-07-21
Inheritance Tax Act 1984
2009-06-01
Inheritance Tax Act 1984
2009-04-06
Inheritance Tax Act 1984
2009-04-01
Inheritance Tax Act 1984
2009-03-28
Inheritance Tax Act 1984
2008-07-21
Inheritance Tax Act 1984
2008-04-06
Inheritance Tax Act 1984
2008-04-01
Inheritance Tax Act 1984
2007-10-09
Inheritance Tax Act 1984
2007-07-19
Inheritance Tax Act 1984
2007-04-06
Inheritance Tax Act 1984
2006-10-01
Inheritance Tax Act 1984
2006-07-19
Inheritance Tax Act 1984
2006-05-02
Inheritance Tax Act 1984
2006-04-06
Inheritance Tax Act 1984
2006-04-03
Inheritance Tax Act 1984
2006-03-22
Inheritance Tax Act 1984
2005-12-05
Inheritance Tax Act 1984
2005-04-07
Inheritance Tax Act 1984
2005-04-06
Inheritance Tax Act 1984
2005-03-16
Inheritance Tax Act 1984
2004-12-31
Inheritance Tax Act 1984
2004-11-01
Inheritance Tax Act 1984
2004-07-22
Inheritance Tax Act 1984
2004-03-17
Inheritance Tax Act 1984
2003-12-01
Inheritance Tax Act 1984
2003-10-13
Inheritance Tax Act 1984
2003-07-10
Inheritance Tax Act 1984
2003-04-06
Inheritance Tax Act 1984
2003-03-27
Inheritance Tax Act 1984
2002-10-16
Inheritance Tax Act 1984
2002-07-24
Inheritance Tax Act 1984
2001-01-30
Inheritance Tax Act 1984
1995-05-01
Inheritance Tax Act 1984
1994-09-01
Inheritance Tax Act 1984
1993-03-20
Inheritance Tax Act 1984
1984-07-31
Inheritance Tax Act 1984
original version
Text at this date