The Inheritance Tax (Market Makers) Regulations 1992

• Citation: S.I. 1992/3181
• Sections: 4

Section 1 Citation and commencement

These Regulations may be cited as the Inheritance Tax (Market Makers) Regulations 1992 and shall come into force on 6th January 1993.

Section 2 Interpretation

In these Regulations “subsection (7)” and “subsection (4)” mean subsection (7) of section 105 and subsection (4) of section 234 respectively of the Inheritance Tax Act 1984 .

Section 3 Application of Regulations

The day specified for the application of these Regulations in accordance with sections 106(6) and 107(6) of the Finance Act 1986 is 23rd March 1992.

Section 4 Modifications of subsection (7) and subsection (4)

Subsection (7) and subsection (4) shall have effect as if—

(a) the reference to The Stock Exchange in paragraph (a) of each of those subsections were a reference to either of The Stock Exchange and LIFFE (Administration and Management) (both being recognised investment exchanges within the meaning of the Financial Services Act 1986 ), and

(b) the reference to the Council of The Stock Exchange in paragraph (b) of each of those subsections were a reference to the investment exchange concerned.