99 Transfers where participators are trustees
Inheritance Tax Act 1984 (1984 c 51) | Legislation

Settled property

99  Transfers where participators are trustees

(1)     Subsection (1) of section 94 above shall not apply in relation to a person who is a participator in his capacity as trustee of a settlement, but—

(a)     the reference in subsection (2) of that section to subsection (1) shall have effect as including a reference to subsection (2) of this section, and

(b)     in relation to tax chargeable by virtue of subsection (2) of this section, sections 94(4) and 95 above

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