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Legislation
Inheritance Tax Act 1984

CHAPTER III SALE OF SHARES ETC. FROM DECEASED’S ESTATE

  • Section 178 Preliminary.
  • Section 179 The relief.
  • Section 180 Effect of purchases.
  • Section 181 Capital receipts.
  • Section 182 Payment of calls.
  • Section 183 Changes in holdings.
  • Section 184 Exchanges.
  • Section 185 Acquisition of like investments.
  • Section 186 Value of part of a fund.
  • Section 186A Cancelled investments.
  • Section 186B Suspended investments.
  • Section 187 Attribution of values to specific investments.
  • Section 188 Limitation of loss on sale.
  • Section 189 Date of sale or purchase.
  1. Chapter III · SALE OF SHARES ETC. FROM DECEASED’S ESTATE
  2. Date of sale or purchase.

Section 189 | Date of sale or purchase.

From legislation.gov.uk

(1)Subject to subsection (2) below, for the purposes of this Chapter where any investments are sold or purchased by the appropriate person the date on which they are sold or purchased shall be taken to be the date on which he entered into a contract to sell or purchase them.

(2)If the sale or purchase of any investments by the appropriate person results from the exercise (whether by him or by any other person) of an option, then, for the purposes of this Chapter, the date on which the investments are sold or purchased shall be taken to be the date on which the option was granted.

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