6 Excluded property
Inheritance Tax Act 1984 (1984 c 51) | Legislation

6  Excluded property

(1)     Property situated outside the United Kingdom is excluded property if the person beneficially entitled to it is an individual domiciled outside the United Kingdom.

[(1A)     A holding in an authorised unit trust and a share in an open-ended investment company is excluded property if the person beneficially entitled to it is an individual domiciled outside the United Kingdom.]

[[(1B)     A relevant decoration or award is excluded property if it has never been the subject of a disposition for a consideration in money or money's worth.

(1BA)     In subsection (1B) “relevant decoration or award” means a decoration or other similar award—

(a)     that is designed to be worn to denote membership of—

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