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Contents

Legislation
Inheritance Tax Act 1984

CHAPTER I PRELIMINARY

  • Section 43 Settlement and related expressions.
  • Section 44 Settlor.
  • Section 45 Trustee.
  • Section 46 Interest in possession: Scotland.
  • Section 46A Contract of life insurance entered into before 22nd March 2006 which on that day is settled property in which interest in possession subsists
  • Section 46B Contract of life insurance entered into before 22nd March 2006 which immediately before that day is property to which section 71 applies
  • Section 47 Reversionary interest.
  • Section 47A Settlement power
  • Section 48 Excluded property : reversionary interests and Treasury securities.
  • Section 48ZA Excluded property: property situated outside the UK etc
  • Section 48A Commencement of settlement
  1. Chapter I · PRELIMINARY
  2. Reversionary interest.

Section 47 | Reversionary interest.

From legislation.gov.uk

In this Act “reversionary interest” means a future interest under a settlement, whether it is vested or contingent (including an interest expectant on the termination of an interest in possession which, by virtue of section 50 below, is treated as subsisting in part of any property) and in relation to Scotland includes an interest in the fee of property subject to a proper liferent.

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