SCHEDULES
SCHEDULE 1Rate of tax charged under Chapter 3 of Part 3 IHTA 1984
3
1
Section 66 (rate of ten-yearly charge) is amended as follows.
2
In subsection (4)—
a
omit paragraph (b) and the “and” following it,
b
in paragraph (c), before “property” insert “
relevant
”
, and
c
at the end of paragraph (c) insert—
d
the value of any same-day addition; and
e
where—
i
an increase in the value of the property comprised in another settlement is represented by the value of a same-day addition aggregated under paragraph (d) above, and
ii
that other settlement is not a related settlement,
the value immediately after that other settlement commenced of the relevant property then comprised in that other settlement;
3
In subsection (6)(a), for “paragraphs (b) and (c)” substitute “
paragraphs (c) to (e)
”
.