Where on a person's death an annuity becomes payable under a registered pension scheme , a qualifying non-UK pension scheme or a section 615(3) scheme to a widow, widower , dependant or nominee of that person and under the terms of the scheme a sum of money might at his option have become payable instead to his personal representatives, he shall not, by virtue of section 5(2) above, be treated as having been beneficially entitled to that sum.
Section 152: Cash options.
Inheritance Tax Act 1984 · 1984 c. 51View on legislation.gov.uk
Part V: MISCELLANEOUS RELIEFS — CHAPTER V: MISCELLANEOUS
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