Inheritance Tax Act 1984 section 274

Commencement

Section 274 establishes when the Inheritance Tax Act 1984 came into force and clarifies that it does not apply retrospectively to events that occurred before that date.

• The Act came into force on 1 January 1985.
• It does not apply to transfers of value made before that date, nor to other events before that date on which capital transfer tax was or would have been chargeable.
• The commencement provision is subject to section 275 (which deals with continuity between the old and new law) and Schedule 7 (which contains supplementary commencement rules).
• Any other contrary provision in the Act may also override the general commencement date.