Statute
Section 85 — Inheritance Tax Act 1984: Credit for annual charges under Finance Act 1975.
Text of the provision Official document
Credit for annual charges under Finance Act 1975.
85 Any tax charged under paragraph 12(2) of Schedule 5 to the Finance Act 1975 and not already allowed as a credit under paragraph 12(3) of that Schedule or under section 125 of the Finance Act 1982 or under this section shall be allowed as a credit against tax chargeable under this Chapter (apart from section 79) in respect of the settled property or part concerned.
Official source: legislation.gov.uk
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