67 Added property, etc
Inheritance Tax Act 1984 (1984 c 51) | Legislation

67  Added property, etc

(1)     This subsection applies where, after the settlement commenced and after 8th March 1982, but before the anniversary concerned, the settlor made a chargeable transfer as a result of which the value of the property comprised in the settlement was increased.

(2)     For the purposes of subsection (1) above, it is immaterial whether the amount of the property so comprised was increased as a result of the transfer, but a transfer as a result of which the value increased but the amount did not shall be disregarded if it is shown that the transfer—

(a)     was not primarily intended to increase the value, and

(b)     did not result in the value being greater immediately after the transfer by an amount exceeding five per cent. of the value immediately before the transfer.

(3)     Where subsection (1) above applies in relation to a settlement which commenced after 26th March 1974, section

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