SCHEDULES

SCHEDULE 1 U.K.Consequential amendments

Part 2 U.K.Other enactments

Inheritance Tax Act 1984 (c. 51) U.K.

395 U.K.In section 21(3) (normal expenditure out of income)—

(a) for “section 657 of the Taxes Act 1988” substitute “ section 423 of the Income Tax (Trading and Other Income) Act 2005 ”, and

(b) for “, for the purposes” to “annuity” substitute “ exempt from income tax under section 717 of that Act ”.