SCHEDULE 25 Property of Historic Interest Etc
Finance Act 1998 (1998 c 36) | Legislation

SCHEDULE 25 Property of Historic Interest Etc

Meaning of “the 1984 Actâ€

1

In this Schedule “the 1984 Act†means the Inheritance Tax Act 1984.

Claims for designation

2

(1)     In section 30 of the 1984 Act (conditionally exempt transfers), after subsection (3B) there shall be inserted the following subsection—

“(3BA)     A claim under subsection (1) above must be made no more than two years after the date of the transfer of value to which it relates or, in the case of a claim with respect to a potentially exempt transfer, the date of the death, or (in either case) within such longer period as the Board may allow.â€

(2)     This paragraph has effect in relation to any transfer of value or death on or after 17th March 1998.

3

(1)     In section 78 of the 1984 Act (conditionally exempt occasions), after subsection (1) there shall be inserted the following subsection—

“(1A)     A claim under subsection (1) above must be made no more than two years after the date of the transfer or other event in question or within such longer period as the Board may allow.â€

(2)     This paragraph has effect in relation to

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