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Inheritance Tax Act 1984

▸ Part 1 – General (ss 1-17)
  • ▸ Chapter 1 – Main charges and definitions (ss 1-6C)
    • Section 1 – Charge on transfers [IHTA 1984 s 1]
    • Section 2 – Chargeable transfers and exempt transfers [IHTA 1984 s 2]
    • Section 3 – Transfers of value [IHTA 1984 s 3]
    • Section 3A – Potentially exempt transfers [IHTA 1984 s 3A]
    • Section 4 – Transfers on death [IHTA 1984 s 4]
    • Section 5 – Meaning of estate [IHTA 1984 s 5]
    • Section 6 – Excluded property [IHTA 1984 s 6]
    • Section 6A – "Long-term UK resident": individuals [IHTA 1984 s 6A]
    • Section 6B – “Long-term UK resident”: young persons [IHTA 1984 s 6B]
    • Section 6C – “Long-term UK resident”: bodies corporate [IHTA 1984 s 6C]
  • ▸ Chapter 2 – Rates (ss 7-9)
    • Section 7 – Rates [IHTA 1984 s 7]
    • Section 8 – Indexation of rate bands [IHTA 1984 s 8]
    • Section 8A – Transfer of unused nil-rate band between spouses and civil partners [IHTA 1984 s 8A]
    • Section 8B – Claims under section 8A [IHTA 1984 s 8B]
    • Section 8C – Section 8A and subsequent charges [IHTA 1984 s 8C]
    • Section 8D – Extra nil-rate band on death if interest in home goes to descendants etc. [IHTA 1984 s 8D]
    • Section 8E – Residence nil-rate amount: interest in home goes to descendants etc [IHTA 1984 s 8E]
    • Section 8F – Residence nil-rate amount: no interest in home goes to descendants etc [IHTA 1984 s 8F]
    • Section 8FA – Downsizing addition: entitlement: low-value death interest in home [IHTA 1984 s 8FA]
    • Section 8FB – Downsizing addition: entitlement: no residential interest at death [IHTA 1984 s 8FB]
    • Section 8FC – Downsizing addition: effect: section 8E case [IHTA 1984 s 8FB]
    • Section 8FD – Downsizing addition: effect: section 8F case [IHTA 1984 s 8FC]
    • Section 8FE – Calculation of lost relievable amount [IHTA 1984 s 8FE]
    • Section 8G – Meaning of “brought-forward allowance” [IHTA 1984 s 8G]
    • Section 8H – Meaning of “qualifying residential interest” [IHTA 1984 s 8H]
    • Section 8HA – "Qualifying former residential interest": interests in possession [IHTA 1984 s 8HA]
    • Section 8J – Meaning of “inherited” [IHTA 1984 s 8J]
    • Section 8K – Meaning of “closely inherited” [IHTA 1984 s 8K]
    • Section 8L – Claims for brought-forward allowance [and downsizing addition] [IHTA 1984 s 8L]
    • Section 8M – Residence nil-rate amount: cases involving conditional exemption [IHTA 1984 s 8M]
    • Section 9 – Transitional provisions on reduction of tax [IHTA 1984 s 9]
  • ▸ Chapter 3 – Dispositions that are not transfers of value (ss 10-17)
    • Section 10 – Dispositions not intended to confer gratuitous benefit [IHTA 1984 s 10]
    • Section 11 – Dispositions for maintenance of family [IHTA 1984 s 11]
    • Section 12 – Dispositions allowable for income tax or conferring [benefits under pension scheme] [IHTA 1984 s 12]
    • Section 12A – Pension drawdown fund not used up: no deemed disposition [IHTA 1984 s 12A]
    • Section 13 – Dispositions by close companies for benefit of employees [IHTA 1984 s 13]
    • Section 13A – Dispositions by close companies to employee-ownership trusts [IHTA 1984 s 13A]
    • Section 14 – Waiver of remuneration [IHTA 1984 s 14]
    • Section 15 – Waiver of dividends [IHTA 1984 s 15]
    • Section 16 – Grant of tenancies of agricultural property [IHTA 1984 s 16]
    • Section 17 – Changes in distribution of deceased’s estate, etc. [IHTA 1984 s 17]
▸ Part 2 – Exempt transfers (ss 18-42)
  • ▸ Chapter 1 – General (ss 18-29A)
    • Section 18 – Transfers between spouses or civil partners [IHTA 1984 s 18]
    • Section 19 – Annual exemption [IHTA 1984 s 19]
    • Section 20 – Small gifts [IHTA 1984 s 20]
    • Section 21 – Normal expenditure out of income [IHTA 1984 s 21]
    • Section 22 – Gifts in consideration of marriage or civil partnership [IHTA 1984 s 22]
    • Section 23 – Gifts to charities or registered clubs [IHTA 1984 s 23]
    • Section 24 – Gifts to political parties [IHTA 1984 s 24]
    • Section 24A – Gifts to housing associations [IHTA 1984 s 24A]
    • Section 25 – Gifts for national purposes, etc. [IHTA 1984 s 25]
    • Section 26 – Gifts for public benefit [IHTA 1984 s 26]
    • Section 26A – Potentially exempt transfer of property subsequently held for national purposes etc. [IHTA 1984 s 26A]
    • Section 27 – Maintenance funds for historic buildings, etc. [IHTA 1984 s 27]
    • Section 28 – Employee trusts [IHTA 1984 s 28]
    • Section 28A – Employee-ownership trusts [IHTA 1984 s 28A]
    • Section 29 – Loans - modifications of exemptions [IHTA 1984 s 29]
    • Section 29A – Abatement of exemption where claim settled out of beneficiary’s own resources [IHTA 1984 s 29A]
  • ▸ Chapter 2 – Conditional exemption (ss 30-35A)
    • Section 30 – Conditionally exempt transfers [IHTA 1984 s 30]
    • Section 31 – Designation and undertakings [IHTA 1984 s 31]
    • Section 32 – Chargeable events [IHTA 1984 s 32]
    • Section 32A – Associated properties [IHTA 1984 s 32A]
    • Section 33 – Amount of charge under section 32 [IHTA 1984 s 33]
    • Section 34 – Reinstatement of transferor’s cumulative total [IHTA 1984 s 34]
    • Section 35 – Conditional exemption on death before 7th April 1976 [IHTA 1984 s 35]
    • Section 35A – Variation of undertakings [IHTA 1984 s 35A]
  • ▸ Chapter 3 – Allocation of exemptions (ss 36-42)
    • Section 36 – Preliminary [IHTA 1984 s 36]
    • Section 37 – Abatement of gifts [IHTA 1984 s 37]
    • Section 38 – Attribution of value to specific gifts [IHTA 1984 s 38]
    • Section 39 – Attribution of value to residuary gifts [IHTA 1984 s 39]
    • Section 39A – Operation of sections 38 and 39 in cases of business or agricultural relief [IHTA 1984 s 39A]
    • Section 40 – Gifts made separately out of different funds [IHTA 1984 s 40]
    • Section 41 – Burden of tax [IHTA 1984 s 41]
    • Section 42 – Supplementary [IHTA 1984 s 42]
▸ Part 3 – Settled property (ss 43-93)
  • ▸ Chapter 1 – Preliminary (ss 43-48A)
    • Section 43 – Settlement and related expressions [IHTA 1984 s 43]
    • Section 44 – Settlor [IHTA 1984 s 44]
    • Section 45 – Trustee [IHTA 1984 s 45]
    • Section 46 – Interest in possession: Scotland [IHTA 1984 s 46]
    • Section 46A – Contract of life insurance entered into before 22nd March 2006 which on that day is settled property in which interest in possession subsists [IHTA 1984 s 46A]
    • Section 46B – Contract of life insurance entered into before 22nd March 2006 which immediately before that day is property to which section 71 applies [IHTA 1984 s 46B]
    • Section 47 – Reversionary interest [IHTA 1984 s 47]
    • Section 47A – Settlement power [IHTA 1984 s 47A]
    • Section 48 – Excluded property: reversionary interests and Treasury securities [IHTA 1984 s 48]
    • Section 48A – Commencement of settlement [IHTA 1984 s 48A]
    • Section 48ZA – Excluded property: property situated outside the UK etc [IHTA 1984 s 48ZA]
  • ▸ Chapter 2 – Interests in possession, reversionary interests and settlement powers (ss 49-57A)
    • Section 49 – Treatment of interests in possession [IHTA 1984 s 49]
    • Section 49A – Immediate post-death interest [IHTA 1984 s 49A]
    • Section 49B – Transitional serial interests [IHTA 1984 s 48B]
    • Section 49C – Transitional serial interest: interest to which person becomes entitled during period 22nd March 2006 to 5th 2008 [October] [IHTA 1984 s 49C]
    • Section 49D – Transitional serial interest: interest to which person becomes entitled on death of spouse or civil partner on or after 6th 2008 [October] [IHTA 1984 s 49D]
    • Section 49E – Transitional serial interest: contracts of life insurance [IHTA 1984 s 49E]
    • Section 50 – Interests in part, etc. [IHTA 1984 s 50]
    • Section 51 – Disposal of interest in possession [IHTA 1984 s 51]
    • Section 52 – Charge on termination of interest in possession [IHTA 1984 s 52]
    • Section 53 – Exceptions from charge under section 52 [IHTA 1984 s 53]
    • Section 54 – Exceptions from charge on death [IHTA 1984 s 54]
    • Section 54A – Special rate of charge where settled property affected by potentially exempt transfer [IHTA 1984 s 54A]
    • Section 54B – Provisions supplementary to section 54A [IHTA 1984 s 54B]
    • Section 55 – Reversionary interest acquired by beneficiary [IHTA 1984 s 55]
    • Section 55A – Purchased settlement powers [IHTA 1984 s 55A]
    • Section 56 – Exclusion of certain exemptions [IHTA 1984 s 56]
    • Section 57 – Application of certain exemptions [IHTA 1984 s 57]
    • Section 57A – Relief where property enters maintenance fund [IHTA 1984 s 57A]
  • ▸ Chapter 3 – Settlements without interests in possession, and certain settlements in which interests in possession subsist (ss 58-85)
    • Section 58 – Relevant property [IHTA 1984 s 58]
    • Section 59 – Qualifying interest in possession [IHTA 1984 s 59]
    • Section 60 – Commencement of settlement [IHTA 1984 s 60]
    • Section 61 – Ten-year anniversary [IHTA 1984 s 61]
    • Section 62 – Related settlements [IHTA 1984 s 62]
    • Section 62A – Same-day additions [IHTA 1984 s 62A]
    • Section 62B – Same day additions: exceptions [IHTA 1984 s 62B]
    • Section 62C – Protected settlements [IHTA 1984 s 62C]
    • Section 63 – Minor interpretative provisions [IHTA 1984 s 63]
    • Section 64 – Charge at ten-year anniversary [IHTA 1984 s 64]
    • Section 65 – Charge at other times [IHTA 1984 s 65]
    • Section 66 – Rate of ten-yearly charge [IHTA 1984 s 66]
    • Section 67 – Added property, etc. [IHTA 1984 s 67]
    • Section 68 – Rate before first ten-year anniversary [IHTA 1984 s 68]
    • Section 69 – Rate between ten-year anniversaries [IHTA 1984 s 69]
    • Section 70 – Property leaving temporary charitable trusts [IHTA 1984 s 70]
    • Section 71 – Accumulation and maintenance trusts [IHTA 1984 s 71]
    • Section 71A – Trusts for bereaved minors [IHTA 1984 s 71A]
    • Section 71B – Charge to tax on property to which section 71A applies [IHTA 1984 s 71B]
    • Section 71C – Sections 71A and 71B: meaning of “bereaved minor” [IHTA 1984 s 71C]
    • Section 71D – Age 18-to-25 trusts [IHTA 1984 s 71D]
    • Section 71E – Charge to tax on property to which section 71D applies [IHTA 1984 s 71E]
    • Section 71F – Calculation of tax charged under section 71E in certain cases [IHTA 1984 s 71F]
    • Section 71G – Calculation of tax charged under section 71E in all other cases [IHTA 1984 s 71G]
    • Section 71H – Sections 71A to 71G: meaning of “parent” [IHTA 1984 s 71H]
    • Section 72 – Property leaving employee trusts and newspaper trusts [IHTA 1984 s 72]
    • Section 73 – Pre-1978 protective trusts [IHTA 1984 s 73]
    • Section 74 – Pre-1981 trusts for disabled persons [IHTA 1984 s 74]
    • Section 74A – Arrangements involving acquisition of interest in settled property etc. [IHTA 1984 s 74A]
    • Section 74B – Section 74A: supplementary provision [IHTA 1984 s 74B]
    • Section 74C – Interpretation of sections 74A and 74B [IHTA 1984 s 74C]
    • Section 75 – Property becoming subject to employee trusts [IHTA 1984 s 75]
    • Section 75A – Property becoming subject to employee-ownership trust [IHTA 1984 s 75A]
    • Section 76 – Property becoming held for charitable purposes, etc. [IHTA 1984 s 76]
    • Section 77 – Maintenance funds for historic buildings, etc. [IHTA 1984 s 77]
    • Section 78 – Conditionally exempt occasions [IHTA 1984 s 78]
    • Section 79 – Exemption from ten-yearly charge [IHTA 1984 s 79]
    • Section 79A – Variation of undertakings [IHTA 1984 s 79A]
    • Section 80 – Initial interest of settlor or spouse [or civil partner] [IHTA 1984 s 80]
    • Section 81 – Property moving between settlements [IHTA 1984 s 81]
    • Section 81A – Reversionary interests in relevant property [IHTA 1984 s 81A]
    • Section 81B – Excluded property: property to which section 80 applies [IHTA 1984 s 81B]
    • Section 82 – Excluded property: property to which section 81 applies (old cases) [IHTA 1984 s 82]
    • Section 82A – Excluded property: property to which section 81 applies (new cases) [IHTA 1984 s 82A]
    • Section 83 – Property becoming settled on a death [IHTA 1984 s 83]
    • Section 84 – Income applied for charitable purposes [IHTA 1984 s 84]
    • Section 85 – Credit for annual charges under Finance Act 1975 [IHTA 1984 s 85]
  • ▸ Chapter 4 – Miscellaneous (ss 86-93)
    • Section 86 – Trusts for benefit of employees [IHTA 1984 s 86]
    • Section 87 – Newspaper trusts [IHTA 1984 s 87]
    • Section 88 – Protective trusts [IHTA 1984 s 88]
    • Section 89 – Trusts for disabled persons [IHTA 1984 s 89]
    • Section 89A – Self-settlement by person expected to fall within the definition of “disabled person” [IHTA 1984 s 89A]
    • Section 89B – Meaning of “disabled person’s interest” [IHTA 1984 s 89B]
    • Section 89C – Disabled person's interest: powers of advancement etc. [IHTA 1984 s 89C]
    • Section 90 – Trustees’ annuities, etc. [IHTA 1984 s 90]
    • Section 91 – Administration period [IHTA 1984 s 91]
    • Section 92 – Survivorship clauses [IHTA 1984 s 92]
    • Section 93 – Disclaimers [IHTA 1984 s 93]
▸ Part 4 – Close companies (ss 94-102)
  • Section 94 – Charge on participators [IHTA 1984 s 94]
  • Section 95 – Participator in two companies [IHTA 1984 s 95]
  • Section 96 – Preference shares disregarded [IHTA 1984 s 96]
  • Section 97 – Transfers within group, etc. [IHTA 1984 s 97]
  • Section 98 – Effect of alterations of capital, etc. [IHTA 1984 s 98]
  • Section 99 – Transfers where participators are trustees [IHTA 1984 s 99]
  • Section 100 – Alterations of capital, etc. where participators are trustees [IHTA 1984 s 100]
  • Section 101 – Companies’ interests in settled property [IHTA 1984 s 101]
  • Section 102 – Interpretation [IHTA 1984 s 102]
▸ Part 5 – Miscellaneous reliefs (ss 103-159A)
  • ▸ Chapter 1 – Business property (ss 103-114)
    • Section 103 – Preliminary [IHTA 1984 s 103]
    • Section 104 – The relief [IHTA 1984 s 104]
    • Section 105 – Relevant business property [IHTA 1984 s 105]
    • Section 106 – Minimum period of ownership [IHTA 1984 s 106]
    • Section 107 – Replacements [IHTA 1984 s 107]
    • Section 108 – Successions [IHTA 1984 s 108]
    • Section 109 – Successive transfers [IHTA 1984 s 109]
    • Section 109A – Additional requirement in case of minority shareholdings [IHTA 1984 s 109A]
    • Section 110 – Value of business [IHTA 1984 s 110]
    • Section 111 – Value of certain shares and securities [IHTA 1984 s 111]
    • Section 112 – Exclusion of value of excepted assets [IHTA 1984 s 112]
    • Section 113 – Contracts for sale [IHTA 1984 s 113]
    • Section 113A – Transfers within seven years before death of transferor [IHTA 1984 s 113A]
    • Section 113B – Application of section 113A to replacement property [IHTA 1984 s 113B]
    • Section 114 – Avoidance of double relief [IHTA 1984 s 114]
  • ▸ Chapter 2 – Agricultural property (ss 115-124C)
    • Section 115 – Preliminary [IHTA 1984 s 115]
    • Section 116 – The relief [IHTA 1984 s 116]
    • Section 117 – Minimum period of occupation or ownership [IHTA 1984 s 117]
    • Section 118 – Replacements [IHTA 1984 s 118]
    • Section 119 – Occupation by company or partnership [IHTA 1984 s 119]
    • Section 120 – Successions [IHTA 1984 s 120]
    • Section 121 – Successive transfers [IHTA 1984 s 121]
    • Section 122 – Agricultural property of companies [IHTA 1984 s 122]
    • Section 123 – Provisions supplementary to section 122 [IHTA 1984 s 123]
    • Section 124 – Contracts for sale [IHTA 1984 s 124]
    • Section 124A – Transfers within seven years before death of transferor [IHTA 1984 s 124A]
    • Section 124B – Application of section 124A to replacement property [IHTA 1984 s 124B]
    • Section 124C – Environmental management agreements [IHTA 1984 s 124C]
  • ▸ Chapter 3 – Woodlands (ss 125-130)
    • Section 125 – The relief [IHTA 1984 s 125]
    • Section 126 – Charge to tax on disposal of trees or underwood [IHTA 1984 s 126]
    • Section 127 – Amount subject to charge [IHTA 1984 s 127]
    • Section 128 – Rate of charge [IHTA 1984 s 128]
    • Section 129 – Credit for tax charged [IHTA 1984 s 129]
    • Section 130 – Interpretation [IHTA 1984 s 130]
  • ▸ Chapter 4 – Transfers within three years before death (ss 131-140)
    • Section 131 – The relief [IHTA 1984 s 131]
    • Section 132 – Wasting assets [IHTA 1984 s 132]
    • Section 133 – Shares - capital receipts [IHTA 1984 s 133]
    • Section 134 – Payments of calls [IHTA 1984 s 134]
    • Section 135 – Reorganisation of share capital, etc. [IHTA 1984 s 135]
    • Section 136 – Transactions of close companies [IHTA 1984 s 136]
    • Section 137 – Interests in land [IHTA 1984 s 137]
    • Section 138 – Leases [IHTA 1984 s 138]
    • Section 139 – Other property [IHTA 1984 s 139]
    • Section 140 – Interpretation [IHTA 1984 s 140]
  • ▸ Chapter 5 – Miscellaneous (ss 141-159A)
    • Section 141 – Two or more transfers within five years [IHTA 1984 s 141]
    • Section 141A – Apportionment of relief under section 141 [IHTA 1984 s 141A]
    • Section 142 – Alteration of dispositions taking effect on death [IHTA 1984 s 142]
    • Section 143 – Compliance with testator’s request [IHTA 1984 s 143]
    • Section 144 – Distribution etc. from property settled by will [IHTA 1984 s 144]
    • Section 145 – Redemption of surviving spouse’s or civil partner’s life interest [IHTA 1984 s 145]
    • Section 146 – Inheritance (Provision for Family and Dependants) Act 1975 [IHTA 1984 s 146]
    • Section 147 – Scotland: legitim etc. [IHTA 1984 s 147]
    • Section 148 – Mutual transfers: exemption for donee’s gift [IHTA 1984 s 148]
    • Section 149 – Mutual transfers: relief for donor’s gift [IHTA 1984 s 149]
    • Section 150 – Voidable transfers [IHTA 1984 s 150]
    • Section 151 – Treatment of pension rights, etc. [IHTA 1984 s 151]
    • Section 151A – Person dying with alternatively secured pension fund [IHTA 1984 s 151A]
    • Section 151B – Relevant dependant with pension fund inherited from member over 75 [IHTA 1984 s 151B]
    • Section 151BA – Rate or rates of charge under section 151B [IHTA 1984 s 151BA]
    • Section 151C – Dependant dying with other pension fund [IHTA 1984 s 151C]
    • Section 151D – Unauthorised payment where person dies over 75 with pension or annuity [IHTA 1984 s 151D]
    • Section 151E – Rate or rates of charge under section 151D [IHTA 1984 s 151E]
    • Section 152 – Cash options [IHTA 1984 s 152]
    • Section 153 – Overseas pensions [IHTA 1984 s 153]
    • Section 153ZA – Qualifying payments [IHTA 1984 s 153ZA]
    • Section 153A – Death of emergency service personnel etc. [IHTA 1984 s 153A]
    • Section 154 – Death on active service, etc. [IHTA 1984 s 154]
    • Section 155 – Visiting forces, etc. [IHTA 1984 s 155]
    • Section 155A – Death of constables and service personnel targeted because of their status [IHTA 1984 s 155A]
    • Section 156 – Apsley House and Chevening Estate [IHTA 1984 s 156]
    • Section 157 – Non-residents’ bank accounts [IHTA 1984 s 157]
    • Section 158 – Double taxation conventions [IHTA 1984 s 158]
    • Section 159 – Unilateral relief [IHTA 1984 s 159]
    • Section 159A – Treatment of dormant assets [IHTA 1984 s 159A]
▸ Part 6 – Valuation (ss 160-198)
  • ▸ Chapter 1 – General (ss 160-170)
    • Section 160 – Market value [IHTA 1984 s 160]
    • Section 161 – Related property [IHTA 1984 s 161]
    • Section 162 – Liabilities [IHTA 1984 s 162]
    • Section 162A – Liabilities attributable to financing excluded property [IHTA 1984 s 162A]
    • Section 162AA – Liabilities attributable to financing non-residents’ foreign currency accounts [IHTA 1984 s 162AA]
    • Section 162B – Liabilities attributable to financing certain relievable property [IHTA 1984 s 162B]
    • Section 162C – Sections 162A and 162B: supplementary provision [IHTA 1984 s 162C]
    • Section 163 – Restriction on freedom to dispose [IHTA 1984 s 163]
    • Section 164 – Transferor’s expenses [IHTA 1984 s 164]
    • Section 165 – Tax on capital gains [IHTA 1984 s 165]
    • Section 166 – Creditors’ rights [IHTA 1984 s 166]
    • Section 167 – Life policies, etc. [IHTA 1984 s 167]
    • Section 168 – Unquoted shares and securities [IHTA 1984 s 168]
    • Section 169 – Farm cottages [IHTA 1984 s 169]
    • Section 170 – Leases for life, etc. [IHTA 1984 s 170]
  • ▸ Chapter 2 – Estate on death (ss 171-177)
    • Section 171 – Changes occurring on death [IHTA 1984 s 171]
    • Section 172 – Funeral expenses [IHTA 1984 s 172]
    • Section 173 – Expenses incurred abroad [IHTA 1984 s 173]
    • Section 174 – Income tax and unpaid inheritance tax [IHTA 1984 s 174]
    • Section 175 – Liability to make future payments, etc. [IHTA 1984 s 175]
    • Section 175A – Discharge of liabilities after death [IHTA 1984 s 175A]
    • Section 176 – Related property, etc. - sales [IHTA 1984 s 176]
    • Section 177 – Scottish agricultural leases [IHTA 1984 s 177]
  • ▸ Chapter 3 – Sale of shares etc. from deceased's estate (ss 178-189)
    • Section 178 – Preliminary [IHTA 1984 s 178]
    • Section 179 – The relief [IHTA 1984 s 179]
    • Section 180 – Effect of purchases [IHTA 1984 s 180]
    • Section 181 – Capital receipts [IHTA 1984 s 181]
    • Section 182 – Payment of calls [IHTA 1984 s 182]
    • Section 183 – Changes in holdings [IHTA 1984 s 183]
    • Section 184 – Exchanges [IHTA 1984 s 184]
    • Section 185 – Acquisition of like investments [IHTA 1984 s 185]
    • Section 186 – Value of part of a fund [IHTA 1984 s 186]
    • Section 186A – Cancelled investments [IHTA 1984 s 186A]
    • Section 186B – Suspended investments [IHTA 1984 s 186B]
    • Section 187 – Attribution of values to specific investments [IHTA 1984 s 187]
    • Section 188 – Limitation of loss on sale [IHTA 1984 s 188]
    • Section 189 – Date of sale or purchase [IHTA 1984 s 189]
  • ▸ Chapter 4 – Sale of land from deceased's estate (ss 190-198)
    • Section 190 – Preliminary [IHTA 1984 s 190]
    • Section 191 – The relief [IHTA 1984 s 191]
    • Section 192 – Effect of purchases [IHTA 1984 s 192]
    • Section 193 – Changes between death and sale [IHTA 1984 s 193]
    • Section 194 – Leases [IHTA 1984 s 194]
    • Section 195 – Valuation by reference to other interests [IHTA 1984 s 195]
    • Section 196 – Sales to beneficiaries etc. and exchanges [IHTA 1984 s 196]
    • Section 197 – Compulsory acquisition more than three years after death [IHTA 1984 s 197]
    • Section 197A – Sales in fourth year after death [IHTA 1984 s 197A]
    • Section 198 – Date of sale or purchase [IHTA 1984 s 198]
▸ Part 7 – Liability (ss 199-214)
  • Section 199 – Dispositions by transferor [IHTA 1984 s 199]
  • Section 200 – Transfer on death [IHTA 1984 s 200]
  • Section 201 – Settled property [IHTA 1984 s 201]
  • Section 202 – Close companies [IHTA 1984 s 202]
  • Section 203 – Liability of spouse or civil partner [IHTA 1984 s 203]
  • Section 204 – Limitation of liability [IHTA 1984 s 204]
  • Section 205 – More than one person liable [IHTA 1984 s 205]
  • Section 206 – Gifts to political parties [IHTA 1984 s 206]
  • Section 207 – Conditional exemption, etc. [IHTA 1984 s 207]
  • Section 208 – Woodlands [IHTA 1984 s 208]
  • Section 209 – Succession in Scotland [IHTA 1984 s 209]
  • Section 210 – Pension rights, etc. [IHTA 1984 s 210]
  • Section 211 – Burden of tax on death [IHTA 1984 s 211]
  • Section 212 – Powers to raise tax [IHTA 1984 s 212]
  • Section 213 – Refund by instalments [IHTA 1984 s 213]
  • Section 214 – Certificates of tax paid [IHTA 1984 s 214]
▸ Part 8 – Administration and collection (ss 215-261)
  • Section 215 – General [IHTA 1984 s 215]
  • Section 216 – Delivery of accounts [IHTA 1984 s 216]
  • Section 217 – Defective accounts [IHTA 1984 s 217]
  • Section 218 – Non-resident trustees [IHTA 1984 s 218]
  • Section 218A – Instruments varying dispositions taking effect on death [IHTA 1984 s 218A]
  • Section 219 – Power to require information [IHTA 1984 s 219]
  • Section 219A – Power to call for documents etc. [HITA 1984 s 219A]
  • Section 219B – Appeal against requirement to produce documents etc. [IHTA 1984 s 219B]
  • Section 220 – Inspection of property [IHTA 1984 s 220]
  • Section 220A – Exchange of information with other countries [IHTA 1984 s 220A]
  • Section 221 – Notices of determination [IHTA 1984 s 221]
  • Section 222 – Appeals against determinations [IHTA 1984 s 222]
  • Section 223 – Late notice of appeal [IHTA 1984 s 223]
  • Section 223A – Appeal: HMRC review or determination by tribunal [IHTA 1984 s 223A]
  • Section 223B – Appellant requires review by HMRC [IHTA 1984 s 223B]
  • Section 223C – HMRC offer review [IHTA 1984 s 223C]
  • Section 223D – Notifying appeal to the tribunal [IHTA 1984 s 223D]
  • Section 223E – Nature of review etc. [IHTA 1984 s 223E]
  • Section 223F – Effect of conclusions of review [IHTA 1984 s 223F]
  • Section 223G – Notifying appeal to tribunal after review concluded [IHTA 1984 s 223G]
  • Section 223H – Notifying appeal to tribunal after review offered but not accepted [IHTA 1984 s 223H]
  • Section 223I – Interpretation of sections 223A to 223I [IHTA 1984 s 223I]
  • Section 224 – Determination of appeal by tribunal [IHTA 1984 s 224]
  • Section 225 – Appeals from Special Commissioners [IHTA 1984 s 225]
  • Section 225A – Extension of regulation-making powers [IHTA 1984 s 225A]
  • Section 226 – Payment: general rules [IHTA 1984 s 226]
  • Section 227 – Payment by instalments - land, shares and businesses [IHTA 1984 s 227]
  • Section 228 – Shares, etc. within section 227 [IHTA 1984 s 228]
  • Section 229 – Payment by instalments - woodlands [IHTA 1984 s 229]
  • Section 230 – Acceptance of property in satisfaction of tax [IHTA 1984 s 230]
  • Section 231 – Powers to transfer property in satisfaction of tax [IHTA 1984 s 231]
  • Section 232 – Administration actions [IHTA 1984 s 232]
  • Section 233 – Interest on unpaid tax [IHTA 1984 s 233]
  • Section 234 – Interest on instalments [IHTA 1984 s 234]
  • Section 235 – Interest on overpaid tax [IHTA 1984 s 235]
  • Section 236 – Special cases [IHTA 1984 s 236]
  • Section 237 – Imposition of charge [IHTA 1984 s 237]
  • Section 238 – Effect of purchases [IHTA 1984 s 238]
  • Section 239 – Certificates of discharge [IHTA 1984 s 239]
  • Section 240 – Underpayments [IHTA 1984 s 240]
  • Section 240A – Underpayments: supplementary [IHTA 1984 s 240A]
  • Section 240B – Underpayments involving offshore matters etc. [IHTA 1984 s 240B]
  • Section 241 – Overpayments [IHTA 1984 s 241]
  • Section 242 – Recovery of tax [IHTA 1984 s 242]
  • Section 243 – Scotland: recovery of tax in sheriff court [IHTA 1984 s 243]
  • Section 244 – Right to address court [IHTA 1984 s 244]
  • Section 245 – Failure to deliver accounts [IHTA 1984 s 245]
  • Section 245A – Failure to provide information etc. [IHTA 1984 s 245A]
  • Section 246 – Failure to appear before Special Commissioners, etc. [IHTA 1984 s 246]
  • Section 247 – Provision of incorrect information [IHTA 1984 s 247]
  • Section 248 – Failure to remedy errors [IHTA 1984 s 248]
  • Section 249 – Recovery of penalties [IHTA 1984 s 249]
  • Section 250 – Time limit for recovery [IHTA 1984 s 250]
  • Section 251 – Appeals against summary determination of penalties [IHTA 1984 s 251]
  • Section 252 – Effect of award by [the tribunal] [IHTA 1984 s 252]
  • Section 253 – Mitigation of penalties [IHTA 1984 s 253]
  • Section 254 – Evidence [IHTA 1984 s 254]
  • Section 255 – Determination of questions on previous view of law [IHTA 1984 s 255]
  • Section 256 – Regulations about accounts, etc. [IHTA 1984 s 256]
  • Section 257 – Form etc. of accounts [IHTA 1984 s 257]
  • Section 258 – Service of documents [IHTA 1984 s 258]
  • Section 259 – Inspection of records [IHTA 1984 s 259]
  • Section 260 – Inland Revenue Regulation Act 1890 [IHTA 1984 s 260]
  • Section 261 – Scotland: inventories [IHTA 1984 s 261]
▸ Part 9 – Miscellaneous and supplementary (ss 262-278)
  • Section 262 – Tax chargeable in certain cases of future payments, etc. [IHTA 1984 s 262]
  • Section 263 – Annuity purchased in conjunction with life policy [IHTA 1984 s 263]
  • Section 264 – Transfers reported late [IHTA 1984 s 264]
  • Section 265 – Chargeable transfers affecting more than one property [IHTA 1984 s 265]
  • Section 266 – More than one chargeable transfer on one day [IHTA 1984 s 266]
  • Section 267 – Persons treated as domiciled in United Kingdom [IHTA 1984 s 267]
  • Section 267ZA – Election to be treated as domiciled in United Kingdom [IHTA 1984 s 267ZA]
  • Section 267ZB – 267ZA: further provision about election [IHTA 1984 s 267ZB]
  • Section 267ZC – Election to be treated as a long-term UK resident [IHTA 1984 s 267ZC]
  • Section 267ZD – Further provision about elections under section 267ZC [IHTA 1984 s 267ZD]
  • Section 267ZE – Subject of domicile election treated as a long-term UK resident [IHTA 1984 s 267ZE]
  • Section 267ZF – Double taxation conventions operating by reference to deemed domicile [IHTA 1984 s 267ZF]
  • Section 267A – Limited liability partnerships [IHTA 1984 s 267A]
  • Section 268 – Associated operations [IHTA 1984 s 268]
  • Section 269 – Control of company [IHTA 1984 s 269]
  • Section 270 – Connected persons [IHTA 1984 s 270]
  • Section 271 – Property of corporations sole [IHTA 1984 s 271]
  • Section 271A – Qualifying non-UK pension scheme [IHTA 1984 s 271A]
  • Section 272 – General interpretation [IHTA 1984 s 272]
  • Section 273 – Transition from estate duty [IHTA 1984 s 273]
  • Section 274 – Commencement [IHTA 1984 s 274]
  • Section 275 – Continuity, and construction of references to old and new law [IHTA 1984 s 275]
  • Section 276 – Consequential amendments [IHTA 1984 s 276]
  • Section 277 – Repeals [HITA 1984 s 277]
  • Section 278 – Short title [IHTA 1984 s 278]
▸ Schedules
  • ▸ Schedule A1 Non-excluded overseas property
    • Part 1 – Overseas property with value attributable to UK residential property
    • Part 2 – Supplementary
    • Part 3 – Interpretation
  • Schedule 1 Table of rates of tax
  • ▸ Schedule 1A Gifts to charities etc: tax charged at lower rate [IHTA 1984 Sch 1A]
    • 1. Application of this Schedule [IHTA 1984 Sch 1A para 1]
    • 2. The relief [IHTA 1984 Sch 1A para 2]
    • 3. The components of the estate [IHTA 1984 Sch 1A para 3]
    • 4. The donated amount [IHTA 1984 Sch 1A para 4]
    • 5. The baseline amount [IHTA 1984 Sch 1A para 5]
    • 6. Rules for determining whether charitable giving condition is met [IHTA 1984 Sch 1A para 6]
    • 7. Election to merge parts of the estate [IHTA 1984 Sch 1A para 7]
    • 8. Opting out [IHTA 1984 Sch 1A para 8]
    • 9. Elections: procedure [IHTA 1984 Sch 1A para 9]
    • 10. General interpretation [IHTA 1984 Sch 1A para 10]
  • ▸ Schedule 2 Provisions applying on reduction of tax
    • 1. Interpretation [IHTA 1984 Sch 2 para 1]
    • 1A. Death within seven years of potentially exempt transfer [IHTA 1984 Sch 2 para 1A]
    • 2. Death within seven years of chargeable transfer [IHTA 1984 Sch 2 para 2]
    • 3. Settlement without interest in possession [IHTA 1984 Sch 2 para 3]
    • 4. Disposal of trees etc. following exemption on death [IHTA 1984 Sch 2 para 4]
    • 5. Conditionally exempt transfers [IHTA 1984 Sch 2 para 5]
    • 6. Maintenance funds for historic buildings [IHTA Sch 2 para 6]
    • 6A. Relevant dependant with pension fund inherited from member over 75 [IHTA 1984 Sch 2 para 6A]
    • 7. [IHTA 1984 Sch 2 para 7]
  • Schedule 3 Gifts for national purposes, etc.
  • ▸ Schedule 4 Maintenance funds for historic buildings, etc.
    • Part 1 – Treasury directions
    • Part 2 – Property leaving maintenance funds
    • Part 3 – Property becoming comprised in maintenance funds
  • ▸ Schedule 5 Conditional exemption: deaths before 7th April 1976
    • 1-2. Charge on failure of condition of exemption—objects [IHTA 1984 Sch 5 paras 1-2]
    • 3-4. Charge on failure of condition of exemption—buildings etc. [IHTA 1984 Sch 5 paras 3-4]
    • 5. Further undertaking on disposal [IHTA 1984 Sch 5 para 5]
    • 6. Requirements of sale [IHTA 1984 Sch 5 para 6A]
  • ▸ Schedule 5A Qualifying payments: victims of persecution during Second World War era [IHTA 1984 sch 5A]
    • Part 1 – Compensation payments [IHTA 1984 Sch 5A paras 1-10]
    • Part 2 – Ex-gratia payments [IHTA 1984 Sch 5A para 11]
  • ▸ Schedule 6 Transition from estate duty
    • 1. General [IHTA 1984 Sch 6 para 1]
    • 2. Surviving spouse or former spouse [IHTA 1984 Sch 6 para 2]
    • 3. Sales and mortgages of reversionary interests [IHTA 1984 Sch 6 para 3]
    • 4. Objects of national etc. interest left out of account on death [IHTA 1984 Sch 6 para 4]
  • Schedule 7 Commencement: supplementary rules
  • ▸ Schedule 8 Consequential amendments
    • 1. The Land Registration Act 1925 [IHTA 1984 Sch 8 para 1]
    • 2. The Crown Proceedings Act 1947 [IHTA 1984 Sch 8 para 2]
    • 3. The Land Charges Act 1972 [IHTA 1984 Sch 8 para 3]
    • 4. The Finance Act 1975 [IHTA 1984 Sch 8 para 4]
    • 5-7. The Development Land Tax Act 1976 [IHTA 1984 Sch 8 paras 5-7]
    • 8. The Finance Act 1977 [IHTA 1984 Sch 8 para 8]
    • 9-12. The Capital Gains Tax Act 1979 [IHTA 1984 Sch 8 paras 9-12]
    • 13-16. The National Heritage Act 1980 [IHTA 1984 Sch 8 paras 13-16]
    • 17-19. The Finance Act 1980 [IHTA 1984 Sch 8 paras 17-19]
    • 20. The Supreme Court Act 1981 [IHTA 1984 Sch 8 para 20]
    • 21-22. The Finance Act 1982 [IHTA 1984 Sch 8 paras 21-22]
    • 23. The Finance (No. 2) Act 1983 [IHTA 1984 Sch 8 para 23]
    • 24. The Value Added Tax Act 1983 [IHTA 1984 Sch 8 para 24]
    • 25. The Land Registration Act (Northern Ireland) 1970 [IHTA 1984 Sch 8 para 25]
  • Schedule 9 Repeals
Schedules / Schedule 4 Maintenance funds for historic buildings, etc. / Part 1 – Treasury directions

Part 1 – Treasury directions

Contents

  • 1. Giving of directions [IHTA 1984 Sch 4 para 1] Section commentary
  • 2-4. Conditions [IHTA 1984 Sch 4 paras 2-4] Section commentary
  • 5. Withdrawal [IHTA 1984 Sch 4 para 5] Section commentary
  • 6. Information [IHTA 1984 Sch 4 para 6] Section commentary
  • 7. Enforcement of trusts [IHTA 1984 Sch 4 para 7] Section commentary

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