Where the value transferred by a chargeable transfer is determined by reference to the values of more than one property the tax chargeable on the value transferred shall be attributed to the respective values in the proportions which they bear to their aggregate, but subject to section 54B(3) above and to any provision reducing the amount of tax attributable to the value of any particular property.
Section 265: Chargeable transfers affecting more than one property.
Inheritance Tax Act 1984 · 1984 c. 51View on legislation.gov.uk
Part IX: MISCELLANEOUS AND SUPPLEMENTARY
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