SCHEDULES

C1SCHEDULE 36Agreement between UK and Switzerland

Annotations:
Modifications etc. (not altering text)

PART 4The future: inheritance tax

Application of this Part

21

1

This Part applies if—

a

an amount is withheld under Article 32(2) in respect of relevant assets of a deceased person (“P”), and

b

a certificate is issued under Article 32(6) in respect of the withholding of that amount.

2

The certificate is referred to in this Part as “the Article 32 certificate”.

3

The relevant assets in relation to which the Article 32 certificate is issued are referred to as “the cleared assets”.

4

Any reference in this Part to “the chargeable transfer” is to the transfer made (under section 4 of IHTA 1984) on P's death.