Statute
Section 40 — Inheritance Tax Act 1984: Gifts made separately out of different funds.
Text of the provision Official document
Gifts made separately out of different funds.
40 Where gifts taking effect on a transfer of value take effect separately out of different funds the preceding provisions of this Chapter shall be applied separately to the gifts taking effect out of each of those funds, with the necessary adjustments of the values and amounts referred to in those provisions.
Official source: legislation.gov.uk
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