Description for the purposes of sections 105(4A) and 234(3)(c)(ii) of the Inheritance Tax Act 1984U.K.
This section has no associated Explanatory Memorandum
6. For the purposes of section 105(4A) of the Inheritance Tax Act 1984 the description of a business is a business in an EEA State other than the United Kingdom which—
(a)holds itself out at all normal times, in compliance with the rules of a regulated market which has been notified to the European Commission, as willing to buy and sell securities, stocks and shares at a price specified by it, and
(b)is recognised as doing so by that regulated market.