207 Conditional exemption, etc
Inheritance Tax Act 1984 (1984 c 51) | Legislation

207  Conditional exemption, etc

(1)     Where tax is chargeable under section 32 above on the occurrence of an event which is a chargeable event with respect to any property by virtue of subsection (2) or subsection (3)(a) of that section, the person liable for the tax is the person who, if the property were sold—

(a)     in a case within subsection (2) of that section, at the time the tax becomes chargeable, and

(b)     in a case within subsection (3)(a), immediately after the death,

would be entitled to receive (whether for his benefit or not) the proceeds of sale or any income arising from them.

(2)

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