SCHEDULES

SCHEDULE 10Inheritance tax on overseas property representing UK residential property

Commencement

9

1

The amendments made by this Schedule have effect in relation to times on or after 6 April 2017.

2

But for the purposes of paragraph 5(1) of Schedule A1 to IHTA 1984 as inserted by this Schedule—

a

paragraph (a) of that paragraph does not apply in relation to a disposal of property occurring before 6 April 2017, and

b

paragraph (b) of that paragraph does not apply in relation to a payment of money or money's worth occurring before 6 April 2017.