Part 2 Amendments in Consequence of section 16
Finance Act 2020 (2020 c 14) | Legislation

Part 2 Amendments in Consequence of section 16

ITEPA 2003

23

ITEPA 2003 is amended as follows.

24

(1)     Section 554A (application of Chapter 2 of Part 7A: the main case) is amended as follows.

(2)     In subsection (2) after “paragraph 1†insert “or 1Aâ€.

(3)     For subsection (4) substitute—

“(4)     Chapter 2 does not apply by reason of—

(a)     a relevant step taken on or after A's death if—

(i)     the relevant step is within section 554B, or

(ii)     the relevant step is within section 554C by virtue of subsection (1)(ab) of that section,

(b)     a relevant step within paragraph 1 of Schedule 11 to F(No 2)A 2017 which is treated as being taken on or after A's death, or

(c)     a relevant step within paragraph 1A of Schedule 11 to F(No 2)A 2017 in a case where the initial step (within the meaning given

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