198 Date of sale or purchase
Inheritance Tax Act 1984 (1984 c 51) | Legislation

198  Date of sale or purchase

(1)     Subject to the following subsections, the date on which an interest in land is sold or purchased by the appropriate person shall for the purposes of this Chapter be taken to be the date on which he enters into a contract to sell or purchase it.

(2)     If the sale or purchase of any interest by the appropriate person results from the exercise (whether

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