300. Tax exemptions for certain international organisations.

Where the United Kingdom or the European Union is a member of an international organisation, and the agreement under which it became a member provides for exemption from tax, in relation to the organisation, of the kind described below, the Treasury may, by order made by statutory instrument, designate that organisation for the purpose1. Where an organisation has been so designated, the provisions apply in relation to that organisation, with the exception of any which may be excluded by the designation order2.

Any security issued by the organisation must be taken, for the purposes of inheritance tax3, to be situated