101 Companies interests in settled property
Inheritance Tax Act 1984 (1984 c 51) | Legislation

101  Companies interests in settled property

(1)     Where a close company is entitled to an interest in possession in settled property the persons who are participators in relation to the company shall be treated for the purposes of this Act (except section 55) as being the persons entitled to that interest according to their respective rights and interests in the company.

[(1A)     Where the interest in possession mentioned in subsection (1) above is one to which the company became entitled on or after 22nd March

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