ihta84/sch2/para2.- Death within [seven years

[1980 Sch.15 para.2.]

2. Where a person who has made a chargeable transfer [other than a potentially exempt transfer) ² ] before a reduction dies after that reduction (or after that and one or more subsequent reductions) and within [seven years ¹ ] of the transfer, additional tax shall be chargeable by reason of his death only if, and to the extent that, it would have been so chargeable if the first of ³ [the Table ⁴ ] in Schedule 1 as substituted by that reduction (or by the most recent of those reductions) had applied to that transfer.

1 1986 Sch.19, para.37(4)(a), with effect from 18 March 1986. Originally "three years".

2 1986 Sch.19 para.37(4)(b) with effect from 18 March 1986.

3 Repealed by 1986 s.101(3), Sch.19, para.37(4)(c) and Sch.23, Part X, with effect from 18 March 1986.

4 1986 Sch.19, para. 37(1)(b), with effect from 18 March 1986. Originally "the Tables".