Finance Act, 1993

Relief in respect of quick succession.

114.—Where by virtue of section 110 tax is payable in respect of any property on the death of one party to a marriage, then a charge to tax shall not arise by virtue of that section in respect of that property, or in respect of any property representing that property, on the death of the other party to the marriage within—

(a) one year after the death of the first-mentioned party, or

(b) 5 years after the death of the first-mentioned party, if that other party is survived by a dependent child of that other party.