186 Authorised unit trusts, OEICs and common investment funds
Finance Act 2003 (2003 c 14) | Legislation

186  Authorised unit trusts, OEICs and common investment funds

(1)     The Inheritance Tax Act 1984 (c 51) is amended as follows.

(2)     In section 6 (excluded property), after subsection (1) insert—

“(1A)     A holding in an authorised unit trust and a share in an open-ended investment company is excluded property if the person beneficially entitled to it is an individual domiciled outside the United Kingdom.”.

(3)     In section 48 (settlements: excluded property), after subsection (3) insert—

“(3)

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