§ In the case of any person dying on or after the thirtieth day of April nineteen hundred and nine, Section twenty of the Finance Act, 1896 (which gives an exemption for objects of national, scientific, of historic interest), shall be extended so as to give an exemption from Legacy Duty as well as from Estate Duty, and as so extended shall take effect whether the property in respect of which the exemption is given is settled or not, and as if the reference therein to national, scientific, or historic interest included a reference to artistic interest, and duty shall only become chargeable when the property is sold.
§ Amendments made:
§ After the word "legacy" ["shall be extended so as to give an exemption from legacy. …"] to insert the words "and succession."—[Mr. Lloyd-George.]
§ After the word "sold" ["and duty shall only become chargeable when the property is sold"] to insert the words "and then only in respect of the last death on which the property passed."—[Mr. Lloyd-George.]
§ Mr. LLOYD-GEORGEI move "That the Chairman do now report Progress, and ask leave to sit again."
§ Committee report Progress; to sit again upon Monday next (20th September).
2122§ Adjournment: Resolved,—That this House do now adjourn.—[Captain Norton.]
§ Adjourned accordingly at Thirty-six minutes after Tour a.m. (Wednesday, 15th September.)