Section 9 Charge of inheritance tax

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A capital acquisitions tax, to be called inheritance tax and to be computed in accordance with this Act, shall, subject to this Act and any regulations made under the Act, be charged, levied and paid on the taxable value of every taxable inheritance taken by a successor.

What is inheritance tax and how is it computed?

Inheritance tax is charged on the taxable value (section 28) of every taxable inheritance (section 11) taken by a successor where the date of the inheritance (section 2) is on or after 1 April 1975.