Finance Act 1996

2 (1) For the second and the last occurrences of the word “quoted” in each of—

(a) sections 105(1ZA) and 113A(3B) of the [1984 c. 51.] Inheritance Tax Act 1984 (meaning of “quoted” etc.), and

(b) the paragraph in section 272 of that Act (general interpretation) which defines “quoted” and “unquoted”,

there shall be substituted “listed”.

(2) This paragraph has effect—

(a) in relation to transfers of value on or after 1st April 1996; and

(b) for the purposes of any charge to tax by reason of an event occurring on or after 1st April 1996, in relation to transfers of value before that date.