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SCHEDULES

SCHEDULE 14U.K. Inheritance tax

Payment by instalmentsU.K.

5U.K.In section 227 of that Act (payment by instalments - land, shares and businesses) the following subsection shall be inserted after subsection (1A)—

(1AA)In subsection (1A) above “unquoted”, in relation to any shares or securities, means not quoted on a recognised stock exchange.

6U.K.In section 228 of that Act (shares or securities within section 227) the following subsection shall be added at the end—

(5)In this section “unquoted”, in relation to any shares or securities, means not quoted on a recognised stock exchange.