HC Deb 14 April 1930 vol 237 cc2691-2

Resolved, That property which was subject to an annuity or other periodical payment ceasing on the death of a deceased person shall, for the purpose of the enactments relating to Estate Duty, be deemed to pass on the death of the deceased notwithstanding that the annuity or other payment 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, a person entitled to the property, unless the surrender, assurance or disposition was bona fide made or effected three years before the death of the deceased and no benefit, by contract or otherwise, was secured to the person entitled to the annuity or other payment in return for the surrender, assurance or disposition thereof.