Inheritance Tax Act 1984 section 29A

Abatement of exemption where claim settled out of beneficiary's own resources

Section 29A reduces the inheritance tax exemption available on a death transfer where the exempt beneficiary settles a claim against the deceased's estate using their own property rather than property they received from the estate.

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.