Inheritance Tax Act 1984 section 77

Maintenance funds for historic buildings, etc.

Section 77 introduces Schedule 4 to the Inheritance Tax Act 1984, which sets out the rules governing maintenance funds established for the upkeep of historic buildings and related property.

• This section serves as the gateway provision for Schedule 4 of the Act
• Schedule 4 deals with maintenance funds for historic buildings and similar properties
• Part 1 of Schedule 4 covers Treasury directions relating to such maintenance funds
• The practical detail of how these funds operate for inheritance tax purposes is contained in the Schedule rather than in the section itself