Inheritance Tax Act 1984
Sections and provisions with full text and the judgments that cite each one.
Section 197A — Sales in fourth year after death.
Sales in fourth year after death. 197A 1 Where an interest in land— a is comprised in a person’s estate immediately before his death, and b is sold by the appropriate person in the fourth year…
Section 198 — Date of sale or purchase.
Date of sale or purchase. 198 1 Subject to the following subsections, the date on which an interest in land is sold or purchased by the appropriate person shall for the purposes of this Chapter be…
Section 199 — Dispositions by transferor.
Dispositions by transferor. 199 1 The persons liable for the tax on the value transferred by a chargeable transfer made by a disposition (including any omission treated as a disposition under section…
Section 200 — Transfer on death.
Transfer on death. 200 1 The persons liable for the tax on the value transferred by a chargeable transfer made (under section 4 above) on the death of any person are . . . — a so far as the tax is…
Section 201 — Settled property.
Settled property. 201 1 The persons liable for the tax on the value transferred by a chargeable transfer made under Part III of this Act are— a the trustees of the settlement; b any person entitled…
Section 202 — Close companies.
Close companies. 202 1 The persons liable for tax chargeable by virtue of section 94(1) or section 99(2) above are— a the company making the transfer of value concerned, and b so far as the tax…
Section 203 — Liability of spouse or civil partner .
Liability of spouse or civil partner . 203 1 Where— a a transferor is liable for any tax on the value transferred by a chargeable transfer, and b by another transfer of value made by him on or after…
Section 204 — Limitation of liability.
Limitation of liability. 204 1 A person shall not be liable under section 200(1)(a) above for any tax as a personal representative of a deceased person, except to the extent of the following assets,…
Section 205 — More than one person liable.
More than one person liable. 205 Except as otherwise provided, where under this Act two or more persons are liable for the same tax, each of them shall be liable for the whole of it.
Section 206 — . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 206
Section 207 — Conditional exemption, etc.
Conditional exemption, etc. 207 1 Where tax is chargeable under section 32 above on the occurrence of an event which is a chargeable event with respect to any property by virtue of subsection (2) or…
Section 208 — Woodlands.
Woodlands. 208 The person liable for tax chargeable under section 126 above in relation to a disposal is the person who is entitled to the proceeds of sale or would be so entitled if the dispoal were…
Section 209 — Succession in Scotland.
Succession in Scotland. 209 1 A person shall not be liable under section 200(1)(a) above for tax attributable to the value of any heritable property in Scotland which is vested in him as executor in…
Section 210 — Pension rights
Pension rights 210 1 This section applies to any tax that is attributable to the value of notional pension property of a deceased member of a registered pension scheme, a qualifying non-UK pension…
Section 211 — Burden of tax on death.
Burden of tax on death. 211 1 Where personal representatives are liable for tax on the value transferred by chargeable transfer made on death, the tax shall be treated as part of the general…
Section 212 — Powers to raise tax.
Powers to raise tax. 212 1 Where a person is liable, otherwise than as transferor, and otherwise than under section 203 above, for tax attributable to the value of any property he shall, for the…
Section 213 — Refund by instalments.
Refund by instalments. 213 Where a person has paid to the Board any tax which is or might at his option have been payable by instalments and he is entitled to recover the whole or part of it from…
Section 214 — Certificates of tax paid.
Certificates of tax paid. 214 1 On an application being made in such form as the Board may prescribe by a person who has paid or borne the tax attributable to the value of any property, being tax for…
Section 215 — General.
General. 215 The tax shall be under the care and management of the Board.
Section 216 — Delivery of accounts.
Delivery of accounts. 216 1 Except as otherwise provided by this section or by regulations under section 256 below, the personal representatives of a deceased person and every person who— a is liable…
Section 217 — Defective accounts.
Defective accounts. 217 If a person who has delivered an account under section 216 above discovers at any time that the account is defective in a material respect by reason of anything contained in…
Section 218 — Non-resident trustees.
Non-resident trustees. 218 1 Where any person, in the course of a trade or profession carried on by him, other than the profession of a barrister, has been concerned with the making of a settlement…
Section 218A — Instruments varying dispositions taking effect on death
Instruments varying dispositions taking effect on death 218A 1 Where— a an instrument is made varying any of the dispositions of the property comprised in the estate of a deceased person immediately…
Section 218B — Pensions: information powers
Pensions: information powers 218B 1 The powers conferred on the Board by section 251 of the Finance Act 2004 (powers relating to the provision and preservation of information in connection with…
Section 219 — Power to require information.
Power to require information. 219 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 219A — Power to call for documents etc.
Power to call for documents etc. 219A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 219B — Appeal against requirement to produce documents etc.
Appeal against requirement to produce documents etc. 219B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 220 — Inspection of property.
Inspection of property. 220 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 220A — Exchange of information with other countries.
Exchange of information with other countries. 220A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 221 — Notices of determination.
Notices of determination. 221 1 Where it appears to the Board that a transfer of value has been made or where a claim under this Act is made to the Board in connection with a transfer of value, the…
Section 222 — Appeals against determinations.
Appeals against determinations. 222 1 A person on whom a notice under section 221 above has been served may, within thirty days of the service, appeal against any determination specified in it by…
Section 223 — Late notice of appeal.
Late notice of appeal. 223 1 This section applies in a case where— a notice of appeal may be given to HMRC under section 222, but b no notice is given before the relevant time limit. 2 Notice may be…
Section 223A — Appeal: HMRC review or determination by tribunal
Appeal: HMRC review or determination by tribunal 223A 1 This section applies if notice of appeal has been given to HMRC. 2 In such a case— a the appellant may notify HMRC that the appellant requires…
Section 223B — Appellant requires review by HMRC
Appellant requires review by HMRC 223B 1 Subsections (2) and (3) apply if the appellant notifies HMRC that the appellant requires HMRC to review the matter in question. 2 HMRC must, within the…
Section 223C — HMRC offer review
HMRC offer review 223C 1 Subsections (2) to (6) apply if HMRC notify the appellant of an offer to review the matter in question. 2 When HMRC notify the appellant of the offer, HMRC must also notify…
Section 223D — Notifying appeal to the tribunal
Notifying appeal to the tribunal 223D 1 This section applies if notice of appeal has been given to HMRC. 2 The appellant may notify the appeal to the tribunal. 3 If the appellant notifies the appeal…
Section 223E — Nature of review etc
Nature of review etc 223E 1 This section applies if HMRC are required by section 223B or 223C to review the matter in question. 2 The nature and extent of the review are to be such as appear…
Section 223F — Effect of conclusions of review
Effect of conclusions of review 223F 1 This section applies if HMRC give notice of the conclusions of a review (see section 223E(6) and (9)). 2 The conclusions of the review shall be conclusive for…
Section 223G — Notifying appeal to tribunal after review concluded
Notifying appeal to tribunal after review concluded 223G 1 This section applies if— a HMRC have given notice of the conclusions of a review in accordance with section 223E, or b the period specified…
Section 223H — Notifying appeal to tribunal after review offered but not accepted
Notifying appeal to tribunal after review offered but not accepted 223H 1 This section applies if— a HMRC have offered to review the matter in question (see section 223C), and b the appellant has not…
Section 223I — Interpretation of sections 223A to 223I
Interpretation of sections 223A to 223I 223I 1 In sections 223A to 223H— a “ matter in question ” means the matter to which an appeal relates; b a reference to a notification is a reference to a…
Section 224 — Determination of appeal by tribunal.
Determination of appeal by tribunal. 224 If an appeal is notified to the tribunal, the tribunal must confirm the determination appealed against (or that determination as varied on a review under…
Section 225 — Appeals from Special Commissioners.
Appeals from Special Commissioners. 225 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 225A — Extension of regulation-making powers.
Extension of regulation-making powers. 225A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 226 — Payment: general rules.
Payment: general rules. 226 1 Except as otherwise provided by the following provisions of this Part of this Act, the tax on the value transferred by a chargeable transfer shall be due six months…
Section 226A — Tax on notional pension property: withholding of benefits
Tax on notional pension property: withholding of benefits 226A 1 The personal representatives of a deceased person may give a notice to the scheme administrator of a registered pension scheme if they…
Section 226B — Tax on notional pension property: direct payment by scheme administrator
Tax on notional pension property: direct payment by scheme administrator 226B 1 A person (“the taxpayer”) may by notice (a “payment notice”) require the scheme administrator of a registered pension…
Section 227 — Payment by instalments—land, shares and businesses.
Payment by instalments—land, shares and businesses. 227 1 Where any of the tax payable on the value transferred by a chargeable transfer is attributable to the value of qualifying property and— a the…
Section 228 — Shares, etc. within section 227.
Shares, etc. within section 227. 228 1 This section applies— a to shares or securities of a company which immediately before the chargeable transfer gave control of the company— i in the case of a…
Section 229 — Payment by instalments—woodlands.
Payment by instalments—woodlands. 229 Tax chargeable on such a chargeable transfer as is mentioned in section 129 above may, if the person paying the tax by notice in writing to the Board so elects,…