IHTA 1984 definition

IHTA 1984 means the Inheritance Tax Xxx 0000;

IHTA 1984 means the Inheritance Tax Act 1984;

IHTA 1984 means the Inheritance Tax Act 1984; “ITA 2007” means the Income Tax Act 2007;

Examples of IHTA 1984 in a sentence

• In Chapter 3 of Part 3 of IHTA 1984 (settled property: settlements without interests in possession etc), section 58 (relevant property) is amended as follows.

• Daughter owns a UK situs asset (worth £1m) and the debt that she owes her father is owed to a non resident and will be discharged in France “so far as possible” thus reducing the value of daughter’s property outside the UK (see IHTA 1984 s162(5)).

• It is considered that the provisions of IHTA 1984 section 10 would apply because paying interest at no more than the official rate is not intended to confer a benefit on any person and is required under the capital gains tax and income tax rules for the purpose of ensuring that the loan is deemed to be on arm’s length terms.

• The provision made by section 158(1ZA) and (1ZB) of IHTA 1984 in relation to Orders under section 158 of that Act applies, and is to be regarded as always 10having applied, in relation to Orders in Council under any provision which that section replaces (directly or indirectly).

• In Chapter 3 of Part 3 of IHTA 1984 (settled property: settlements without interests in possession etc), section 58 (relevant property) is amended as 35follows.

• That amendment does not affect the application of section 8 of IHTA 1984 25(indexation) by virtue of the difference between the retail prices index for September 2009, or September in any later year, and that for September in the following year.

• The enlargement of that interest to an absolute interest does not change this position (Section 53(2) IHTA 1984) and it is not affected by the relationship of the beneficiary to the testator.

• Protective trusts In the Commissioners for Her Majesty’s Revenue and Customs view, the reference to trusts ‘to the like effect as those specified in Section 33(1) of the Trustee Act 1925’ - contained in Sections 73 and 88 IHTA 1984 - is a reference to trusts which are not materially different in their tax consequences.

• But if the life tenant is the surviving spouse of a testator who died before November 13 1974, exemption might be available under paragraph 2 Schedule 6 IHTA 1984.

• The Commissioners for Her Majesty’s Revenue and Customs regard Section 13 (1) IHTA 1984 as requiring that where the trust is to benefit employees of a subsidiary of the company making the provision, those eligible to benefit must include all or most of the employees and officers of the subsidiary and the employees and officers of the holding company taken as a single class.

More Definitions of IHTA 1984

IHTA 1984 means the United Kingdom Inheritance Tax Xxx 0000.

IHTA 1984 means the Inheritance Tax Act 1984 (c. 51); “the 1986 Act” means the Finance Act 1986 (c. 41);

IHTA 1984 means the Inheritance Tax Xxx 0000; "Indemnities" has the meaning given in clause 4.10; "Indemnity Claim" means a claim for breach of the Indemnities; "Incorporation Date" means the date on which the Company was incorporated, being 21 December 2008; "Indebtedness" means all indebtedness owing by the Company other than: (a) normal trading debts to suppliers; and (b) any liability to Taxation; "Insolvency Event" in relation to a person, means any of the following: (a) that person ceasing or threatening to cease to carry on business or being unable to pay its debts within the meaning of section 123 Insolvency Act 1986 or admitting that it is unable to pay its debts as they fall due; (b) that person giving notice to any of its creditors that it has suspended or is about to suspend payment of any of its debts or commencing negotiations with one or more of its creditors with a view to rescheduling any of its indebtedness; (c) a meeting of that person's creditors being convened or held;

IHTA 1984 the Inheritance Tax Xxx 0000; "INFORMATION MEMORANDUM" the information memorandum dated August 1997 and published in connection with the transaction effected by this Agreement; "INTELLECTUAL PROPERTY" means patents, trade marks and service marks, rights in designs, trade or business names or signs, copyrights (including rights in computer software) compilation rights, rights in any database and topography rights (whether or not any of these is registered and including applications for registration of any such thing) and all rights or forms of protection of a similar nature or having an equivalent or similar effect to any of these which may subsist anywhere in the world; "LONDON STOCK EXCHANGE" the London Stock Exchange Limited; "PANEL" the Panel on Take-overs and Mergers; "PERMITS" as at the date of this agreement any and all licences, consents, permits, authorisations or the like, made or issued pursuant to or under, or required by, Environmental Laws in relation to the conduct of the business of the Company; "PRE-SALE DIVIDEND" the 1,750,000 dividend declared and paid by the Company on 20th August, 1997; "PROCEEDINGS" any proceeding, suit or action arising out of or in connection with this agreement; "PROPERTY" all the leasehold property described in Schedule 8; "PURCHASE PRICE" 17,000,000 (seventeen million pounds sterling), subject to adjustment as provided in clause 6.6; "PURCHASER'S GROUP" the Purchaser and all subsidiaries or subsidiary undertakings from time to time of the Purchaser; "RTPA 1976" the Restrictive Trade Practices Xxx 0000; "SHARES" the entire issued share capital of the Company at Completion; "TAX COVENANT" the tax covenant referred to in Schedule 2 and set out in Schedule 5; "TCGA 1992" the Taxation of Chargeable Gains Xxx 0000; "TULRCA" the Trade Union and Labour Relations Consolidation Xxx 0000; "TRANSFERORS" GEC-Marconi Limited and Associated Electrical Industries Limited; "VAT" value added tax; "VATA 1994" the Value Added Tax Xxx 0000; "WARRANTIES" the warranties set out in Schedule 3 (Warranties) given by GEC and "WARRANTY" shall be construed accordingly; "WORKING HOURS" 9.30 a.m. to 5.30 p.m. on a Business Day.

IHTA 1984 means the Inheritance Xxx 0000 of the United Kingdom as amended from time to time.

IHTA 1984 means the Inheritance Tax Act 1984.