Inheritance Tax Act 1984 Schedule 6 paragraph 3

Sales and mortgages of reversionary interests

Paragraph 3 of Schedule 6 protects purchasers and mortgagees of reversionary interests in settled property that were sold or mortgaged before 27 March 1974, ensuring they pay no more inheritance tax than the estate duty that would originally have applied.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.