12 Dispositions allowable for income tax or conferring [benefits under pension scheme]
Inheritance Tax Act 1984 (1984 c 51) | Legislation

12  Dispositions allowable for income tax or conferring [benefits under pension scheme]

(1)     A disposition made by any person is not a transfer of value if it is allowable in computing that person's profits or gains for the purposes of income tax or corporation tax or would be so allowable if those profits or gains were sufficient and fell to be so computed.

(2)     Without prejudice to subsection (1) above, a disposition made by any person is not

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