Finance Act 2016, Cross Heading: Inheritance tax as respects cash alternatives to annuities for dependants etc is up to date with all changes known to be in force on or before 09 June 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
11(1)In section 152 of the Inheritance Tax Act 1984 (where annuity payable on person' death to dependant etc, person treated as not beneficially entitled to sum that could have been paid to personal representatives instead of being used for annuity), for “or dependant” substitute “ , dependant or nominee ”.U.K.
(2)The amendment made by sub-paragraph (1)—
(a)is to be treated as having come into force on 6 April 2015, and
(b)has effect where the person on whose death an annuity is payable dies on or after that date.
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