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StatuteInheritance Tax Act 1984

Section 119 — Inheritance Tax Act 1984: Occupation by company or partnership.

Text of the provision Official document

Occupation by company or partnership. 119 1 For the purposes of sections 117 and 118 above, occupation by a company which is controlled by the transferor shall be treated as occupation by the transferor.

2 For the purposes of sections 117 and 118 above, occupation of any property by a Scottish partnership shall, notwithstanding section 4(2) of the Partnership Act 1890, be treated as occupation of it by the partners.

Official source: legislation.gov.uk

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Statutory text from an official public source. Informational content — does not replace advice from a qualified solicitor.