Statute
Section 164 — Inheritance Tax Act 1984: Transferor’s expenses.
Text of the provision Official document
Transferor’s expenses. 164 In determining the value transferred by a transfer of value, expenses incurred by the transferor in making the transfer (but not his liability for inheritance tax )—
a shall, if borne by him, be left out of account;
b shall, if borne by a person benefiting from the transfer, be treated as reducing the value transferred.
Official source: legislation.gov.uk
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