Statute
Section 265 — Inheritance Tax Act 1984: Chargeable transfers affecting more than one property.
Text of the provision Official document
Chargeable transfers affecting more than one property. 265 Where the value transferred by a chargeable transfer is determined by reference to the values of more than one property the tax chargeable on the value transferred shall be attributed to the respective values in the proportions which they bear to their aggregate, but subject to section 54B(3) above and to any provision reducing the amount of tax attributable to the value of any particular property.
Official source: legislation.gov.uk
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