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Inheritance Tax Act 1984

▸ Part 1 – General
  • ▸ Chapter 1 – Main charges and definitions
    • Section 1 – Charge on transfers
    • Section 2 – Chargeable transfers and exempt transfers
    • Section 3 – Transfers of value
    • Section 3A – Potentially exempt transfers
    • Section 4 – Transfers on death
    • Section 5 – Meaning of estate
    • Section 6 – Excluded property
    • Section 6A – "Long-term UK resident": individuals
    • Section 6B – “Long-term UK resident”: young persons
    • Section 6C – “Long-term UK resident”: bodies corporate
  • ▸ Chapter 2 – Rates
    • Section 8 – Indexation of rate bands
    • Section 8A – Transfer of unused nil-rate band between spouses and civil partners
    • Section 8B – Claims under section 8A
    • Section 8C – Section 8A and subsequent charges
    • Section 7 – Rates
    • Section 8D – Extra nil-rate band on death if interest in home goes to descendants etc.
    • Section 8E – Residence nil-rate amount: interest in home goes to descendants etc
    • Section 8F – Residence nil-rate amount: no interest in home goes to descendants etc
    • Section 8FA – Downsizing addition: entitlement: low-value death interest in home
    • Section 8FB – Downsizing addition: entitlement: no residential interest at death
    • Section 8FC – Downsizing addition: effect: section 8E case
    • Section 8FD – Downsizing addition: effect: section 8F case
    • Section 8FE – Calculation of lost relievable amount
    • Section 8G – Meaning of “brought-forward allowance”
    • Section 8H – Meaning of “qualifying residential interest”
    • Section 8HA – "Qualifying former residential interest": interests in possession
    • Section 8J – Meaning of “inherited”
    • Section 8K – Meaning of “closely inherited”
    • Section 8L – Claims for brought-forward allowance
    • Section 8M – Residence nil-rate amount: cases involving conditional exemption
    • Section 9 – Transitional provisions on reduction of tax
  • ▸ Chapter 3 – Dispositions that are not transfers of value
    • Section 10 – Dispositions not intended to confer gratuitous benefit
    • Section 11 – Dispositions for maintenance of family
    • Section 12 – Dispositions allowable for income tax or conferring
    • Section 16 – Grant of tenancies of agricultural property
    • Section 17 – Changes in distribution of deceased’s estate, etc.
    • Section 13 – Dispositions by close companies for benefit of employees
    • Section 13A – Dispositions by close companies to employee-ownership trusts
    • Section 14 – Waiver of remuneration
    • Section 15 – Waiver of dividends
    • Section 12A – Pension drawdown fund not used up: no deemed disposition
▸ Part 2 – Exempt transfers
  • ▸ Chapter 1 – General
    • Section 18 – Transfers between spouses or civil partners
    • Section 19 – Annual exemption
    • Section 20 – Small gifts
    • Section 21 – Normal expenditure out of income
    • Section 22 – Gifts in consideration of marriage or civil partnership
    • Section 23 – Gifts to charities or registered clubs
    • Section 24 – Gifts to political parties
    • Section 24A – Gifts to housing associations
    • Section 25 – Gifts for national purposes, etc.
    • Section 26 – Gifts for public benefit
    • Section 26A – Potentially exempt transfer of property subsequently held for national purposes etc.
    • Section 27 – Maintenance funds for historic buildings, etc.
    • Section 28 – Employee trusts
    • Section 28A – Employee-ownership trusts
    • Section 29 – Loans - modifications of exemptions
    • Section 29A – Abatement of exemption where claim settled out of beneficiary’s own resources
  • ▸ Chapter 2 – Conditional exemption
    • Section 30 – Conditionally exempt transfers
    • Section 31 – Designation and undertakings
    • Section 32 – Chargeable events
    • Section 32A – Associated properties
    • Section 33 – Amount of charge under section 32
    • Section 34 – Reinstatement of transferor’s cumulative total
    • Section 35 – Conditional exemption on death before 7th April 1976
    • Section 35A – Variation of undertakings
  • ▸ Chapter 3 – Allocation of exemptions
    • Section 36 – Preliminary
    • Section 37 – Abatement of gifts
    • Section 38 – Attribution of value to specific gifts
    • Section 39 – Attribution of value to residuary gifts
    • Section 39A – Operation of sections 38 and 39 in cases of business or agricultural relief
    • Section 40 – Gifts made separately out of different funds
    • Section 41 – Burden of tax
    • Section 42 – Supplementary
▸ Part 3 – Settled property
  • ▸ Chapter 1 – Preliminary
    • Section 43 – Settlement and related expressions
    • Section 44 – Settlor
    • Section 45 – Trustee
    • Section 46 – Interest in possession: Scotland
    • 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
    • Section 46B – Contract of life insurance entered into before 22nd March 2006 which immediately before that day is property to which section 71 applies
    • Section 47 – Reversionary interest
    • Section 47A – Settlement power
    • Section 48 – Excluded property: reversionary interests and Treasury securities
    • Section 48A – Commencement of settlement
    • Section 48ZA – Excluded property: property situated outside the UK etc
  • ▸ Chapter 2 – Interests in possession, reversionary interests and settlement powers
    • Section 53 – Exceptions from charge under section 52
    • Section 57A – Relief where property enters maintenance fund
    • Section 57 – Application of certain exemptions
    • Section 56 – Exclusion of certain exemptions
    • Section 55A – Purchased settlement powers
    • Section 55 – Reversionary interest acquired by beneficiary
    • Section 54B – Provisions supplementary to section 54A