54 Exceptions from charge on death
Inheritance Tax Act 1984 (1984 c 51) | Legislation

54  Exceptions from charge on death

(1)     Where a person is entitled to an interest in possession in settled property which on his death, but during the settlor's life, reverts to the settlor, the value of the settled property shall be left out of account in determining for the purposes of this Act the value of the deceased's estate immediately before his death.

(2)     Where on the death of a person entitled to an interest in possession in settled property—

(a)     the settlor's spouse [or civil partner], or

(b)     if the settlor has died less than two

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