185 Gifts with reservation
Finance Act 2003 (2003 c 14) | Legislation

Part 8 Other Taxes

Inheritance Tax

185  Gifts with reservation

(1)     Section 102 of the Finance Act 1986 (c 41) (gifts with reservation) is amended as follows.

(2)     In subsection (5) (section not to apply where disposal is an exempt transfer by virtue of any of the provisions of the Inheritance Tax Act 1984 specified in the paragraphs of that subsection) at the end of paragraph (a) (section 18: transfers between spouses) insert “, except as provided by subsections (5A) and (5B) below”.

(3)     After subsection (5) insert—

“(5)

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