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

[71E  Charge to tax on property to which section 71D applies]

[(1)     Subject to subsections (2) to [(4A)] below, there shall be a charge to tax under this section—

(a)     where settled property ceases to be property to which section 71D above applies, or

(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 the settled property to which section 71D 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

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