Part 2 Consequential Amendments
Finance Act 2011 (2011 c 11) | Legislation

Part 2 Consequential Amendments

Inheritance Tax Act 1984

49

IHTA 1984 is amended as follows.

50

(1)     Section 12 (dispositions allowable for income tax or conferring benefits under pension scheme) is amended as follows.

(2)     In subsection (2F), omit paragraph (b) (and the “and†before it).

(3)     In subsection (2G)—

(a)     omit the definitions of “lump sum death benefitâ€, “pension death benefit†and “relevant dependantâ€;

(b)     in the definition of “pensionâ€, for “that Part†substitute “Part 4â€.

51

In section 151 (treatment of pension rights, etc), in subsection (2), for “Subject to sections 151A and 151C below, an interest†substitute “An interestâ€.

52

In section 200 (transfer on death)—

(a)     in subsection (1), omit “(subject to subsection (1A) below)â€;

(b)     omit subsection (1A).

53

In section 210 (pension rights, etc), omit subsections (2) and (3).

54

(1)     Section 216 (delivery of accounts) is amended as follows.

(2)     In subsection (1), omit paragraph (bca).

(3)     In subsection (3)(a), omit “(or would do apart from section 151A(3)(b) or 151C(3)(b) above)â€.

(4)     In subsection (4), omit “(or would be apart from section 151A(3)(b), 151C(3)(b) or 151B(4) above)â€.

(5)     In subsection (6), omit

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