107Inland revenue charge
(1)In subsection (3) of section 237 of the [1984 c. 51.] Inheritance Tax Act 1984 (imposition of Inland Revenue charge), for ““personal property” includes leaseholds” there shall be substituted ““personal property” does not include leaseholds”.
(2)After subsection (3A) of that section there shall be inserted the following subsections—
“(3B)Subsection (3C) below applies to any tax charged—
(a)under section 32, 32A or 79(3) above in respect of any property,
(b)under paragraph 8 of Schedule 4 to this Act in respect of any property, or
(c)under paragraph 1 or 3 of Schedule 5 to this Act with respect to any object or property.
(3C)Where any tax to which this subsection applies, or any interest on it, is for the time being unpaid, a charge for the amount unpaid is also by virtue of this section imposed in favour of the Board—
(a)except where the event giving rise to the charge was a disposal to a purchaser of the property or object in question, on that property or object; and
(b)in the excepted case, on any property for the time being representing that property or object.”
(3)Subsection (1) above has effect in relation to deaths occurring on or after 9th March 1999; and subsection (2) above has effect in relation to tax charged on or after that day.