2U.K.Where a person who has made a chargeable transfer [F1other than a potentially exempt transfer)] before a reduction dies after that reduction (or after that and one or more subsequent reductions) and within [F2seven years] of the transfer, additional tax shall be chargeable by reason of his death only if, and to the extent that, it would have been so chargeable if . . . F3[F4the Table] in Schedule 1 as substituted by that reduction (or by the most recent of those reductions) had applied to that transfer.
Textual Amendments
F1Finance Act 1986 Sch. 19 para. 37(4)(b)with effect from 18March 1986.
F2Finance Act 1986 Sch. 19, para. 37(4)(a),with effect from 18March 1986.Originally
“three years”.
F3 Repealed by Finance Act 1986 s. 101(3), Sch. 19, para. 37(4)(c)and Sch. 23, Part X,with effect from 18March 1986.
F4Finance Act 1986 Sch. 19, para. 37(1)(b),with effect from 18March 1986.Originally
“the Tables.”