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Legislation
Inheritance Tax Act 1984

Crossheading Dispositions that are not transfers of value (and omissions that do not give rise to deemed dispositions)

  • Section 10 Dispositions not intended to confer gratuitous benefit.
  • Section 11 Dispositions for maintenance of family.
  • Section 12 Dispositions allowable for income tax or conferring benefits under pension scheme.
  • Section 12A Pension drawdown fund not used up: no deemed disposition
  • Section 13 Dispositions by close companies for benefit of employees.
  • Section 13A Dispositions by close companies to employee-ownership trusts
  • Section 14 Waiver of remuneration.
  • Section 15 Waiver of dividends.
  • Section 16 Grant of tenancies of agricultural property.
  • Section 17 Changes in distribution of deceased’s estate, etc.
  1. Dispositions that are not transfers of value (and omissions that do not give rise to deemed dispositions)
  2. Grant of tenancies of agricultural property.

Section 16 | Grant of tenancies of agricultural property.

From legislation.gov.uk

(1)The grant of a tenancy of agricultural property in the United Kingdom ... for use for agricultural purposes is not a transfer of value by the grantor if he makes it for full consideration in money or money’s worth.F1

(2)Expressions used in subsection (1) above and in Chapter II of Part V of this Act have the same meaning in that subsection as in that Chapter.

Notes

  1. F1

    Words in s. 16(1) omitted (with effect in accordance with s. 11(7) of the amending Act) by virtue of Finance (No. 2) Act 2024 (c. 12), s. 11(2)

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