[55A Purchased settlement powers]
Inheritance Tax Act 1984 (1984 c 51) | Legislation

[55A  Purchased settlement powers]

[(1)     Where a person makes a disposition by which he acquires a settlement power for consideration in money or money's worth—

(a)     section 10(1) above shall not apply to the disposition;

(b)     the person shall be taken for the purposes of this Act to

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