Section 49B: Transitional serial interests

Inheritance Tax Act 1984 · 1984 c. 51View on legislation.gov.uk

Part III: SETTLED PROPERTY — CHAPTER II: INTERESTS IN POSSESSION, REVERSIONARY INTERESTS AND SETTLEMENT POWERS

Where a person is beneficially entitled to an interest in possession in settled property, for the purposes of this Chapter that interest is a "transitional serial interest" only—

if section 49C or 49D below so provides, or
if, and to the extent that, section 49E below so provides.

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