Capital Acquisitions Tax Consolidation Act 2003 section 111

Liability to tax in respect of certain sales and mortgages

Section 111 limits the inheritance tax liability of purchasers or mortgagees of future interests (interests in expectancy) that were sold or mortgaged before 1 April 1975, capping their liability at the death duties that would have applied under the law and rates in force at the date of the original sale or mortgage.