§ 4. Resolved, that in the case of a person dying after the thirty-first day of March, nineteen hundred, property, real or personal, in which that person or any other person had an interest limited to cease on the death of the deceased shall, for the purpose of the Finance Act, 1894, and the Acts amending that Act, be deemed to pass on the death of the deceased notwithstanding that such interest has been surrendered, assured, or otherwise disposed of during the lifetime of the deceased, notwithstanding that such interest has been surrendered, assured, or otherwise disposed of during the lifetime of the deceased whether for value or not to or for the benefit of the remainderman or reversioner, except where the surrender, assurance, or disposition was bona fide made twelve months before the death of the deceased, and bona fide possession and enjoyment of the property was assumed thereunder by that 257 remainderman or reversioner immediately upon the surrender, assurance, or disposition, and thenceforward retained to the entire exclusion of the person making the same, and of any benefit to him by contract or otherwise.—(Mr. Chancellor of the Exchequer.)