ihta84/s120.- Successions.

[1981 Sch.14 para.7.]

120. - (1) For the purposes of section 117 above, where the transferor became entitled to any property on the death of another person -

(a) he shall be deemed to have owned it (and, if he subsequently occupies it, to have occupied it) from the date of the death, and

(b) if that other person was his spouse he shall also be deemed to have occupied it for the purposes of agriculture for any period for which it was so occupied by his spouse, and to have owned it for any period for which his spouse owned it.

[1981 Sch.14 para.6.]

(2) Where the transferor became entitled to his interest on the death of his spouse on or after 10th March 1981 -

(a) he shall for the purposes of section 116(2)(b) above be deemed to have been beneficially entitled to it for any period for which his spouse was beneficially entitled to it;

(b) the condition set out in section 116(3)(a) shall be taken to be satisfied if and only if it is satisfied in relation to his spouse; and

(c) the condition set out in section 116(3)(b) shall be taken to be satisfied only if it is satisfied both in relation to him and in relation to his spouse.