SCHEDULE 22MISCELLANEOUS RELIEFS

Relief for property accepted in satisfaction of tax

I16

A land transaction—

a

which is entered into under section 9 of the National Heritage Act 1980 (c. 17) (disposal of property accepted by the Commissioners for Revenue and Customs in satisfaction of inheritance tax) and by which property is transferred to a person mentioned in subsection (2) of that section, or

b

which is entered into under subsection (4) of that section,

is relieved from tax.