[Part 3 Interpretation]
Inheritance Tax Act 1984 (1984 c 51) | Legislation

[Part 3 Interpretation]

[UK residential property interest

8

(1)     In this Schedule “UK residential property interest†means an interest in UK land—

(a)     where the land consists of a dwelling,

(b)     where and to the extent that the land includes a dwelling, or

(c)     where the interest subsists under a contract for an off-plan purchase.

(2)     For the purposes of sub-paragraph (1)(b), the extent to which land includes a dwelling is to be determined on a just and reasonable basis.

(3)     In this paragraph—

“interest in UK land†has [the same meaning as it has

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