Government of Wales Act 2006

[F1 Interpretation U.K.

Textual Amendments

F1 Sch. 3A inserted (8.1.2018) by Wales Act 2017 (c. 4), s. 71(4), Sch. 4 (with Sch. 7 paras. 1, 6); S.I. 2017/893, reg. 2

6 U.K. For the purposes of the entry relating to the Inheritance Tax Act 1984 in the table in paragraph 1—

(a) a Welsh interest exists where—

(i) the property in question is located in Wales, or

(ii) the person liable to pay tax has expressed a wish or imposed a condition on his offer of the property in satisfaction of tax that it be displayed in Wales or disposed of or transferred to a body or institution in Wales;

(b) another interest exists where—

(i) the property in question is located outside Wales, or

(ii) the person liable to pay tax has expressed a wish or imposed a condition on his offer of the property in satisfaction of tax that it be displayed outside Wales or disposed of or transferred to a body or institution outside Wales.]