131 The relief
Inheritance Tax Act 1984 (1984 c 51) | Legislation

Chapter IV
Transfers within [Seven] Years before Death

131  The relief

(1)     Subject to section 132 below, this section applies where [because of the transferor's death within seven years of the transfer, tax becomes chargeable in respect of the value transferred by a potentially exempt transfer or (by virtue of section 7(4) above) additional tax becomes chargeable in respect of the value transferred by any other chargeable transfer and (in either case)] all or part of the value transferred is attributable to the value of property (“the transferred property”) which—

(a)     is, at the date of the death, the property of the person (“the transferee”) whose property it became on the transfer or of his spouse [or civil partner], or

(b)

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