SCHEDULES

SCHEDULE 20Inheritance tax: rules for trusts etc

Part 3Related amendments in IHTA 1984

Interpretation of IHTA 1984

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In section 272 of IHTA 1984 (general interpretation), in the appropriate place insert—

“disabled person's interest” has the meaning given by section 89B above;

“immediate post-death interest” means an immediate post-death interest for the purposes of Chapter 2 of Part 3 (see section 49A above);

“transitional serial interest” means a transitional serial interest for the purposes of Chapter 2 of Part 3 (see section 49B above);