[71B Charge to tax on property to which section 71A applies]
Inheritance Tax Act 1984 (1984 c 51) | Legislation

[71B  Charge to tax on property to which section 71A applies]

[(1)     Subject to subsections (2)[, (2B)] and (3) below, there shall be a charge to tax under this section—

(a)     where settled property ceases to be property to which section 71A above applies, and

(b)     in a case where paragraph (a) above does not apply, where the trustees make a disposition as a result of which the value of settled property to which section 71A above applies is less than it would be but for the disposition.

(2)     Tax is not charged under this section where settled property ceases to be property to which section 71A applies as a result of—

(a)     the bereaved minor attaining the age of 18 or becoming, under that age, absolutely entitled as mentioned in section 71A(3)(a) above, or

(b)     the death under that age

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