Statute
Section 129 — Inheritance Tax Act 1984: Credit for tax charged.
Text of the provision Official document
Credit for tax charged. 129 Where a disposal on which tax is chargeable under section 126 above is a chargeable transfer, the value transferred by it shall be calculated as if the value of the trees or underwood had been reduced by the tax chargeable under that section.
Official source: legislation.gov.uk
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