SCHEDULES
F1SCHEDULE 3AFunctions of Ministers of Crown etc exercisable concurrently or jointly with Welsh Ministers
Annotations:
Amendments (Textual)
Interpretation
6
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.
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