Statute
Section 175 — Inheritance Tax Act 1984: Liability to make future payments, etc.
Text of the provision Official document
Liability to make future payments, etc. 175 Where in determining the value of a person’s estate immediately before his death a liability to make payments or transfer assets under such a disposition as is mentioned in section 262 below is taken into account, the liability shall be computed as if the amount or value of the payments or assets were reduced by the chargeable portion (as defined in that section).
Official source: legislation.gov.uk
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