HC Deb 23 April 1940 vol 360 c109

Resolved, That the enactments relating to Estate Duty shall be amended with regard to—

  1. (a) the charge of duty on a death where an interest limited to cease on the death has been disposed of or has determined in whole or in part;
  2. (b) the exclusion, from the matters which may be treated as consideration for a disposition made in favour of a relative of the disponer or in favour of certain companies, of the grant in favour of the disponer of an annuity or other interest limited to cease on a death or of any similar interest, and of any operation connected with the enjoyment directly or indirectly by the disponer of any such interest;
  3. (c) the extension of references in the said enactments to a disposition so as to include references to the creation, and to the extinguishment, of a debt or other right, the extension of references therein to property so as to include, in relation to the creation of a debt or other right, that debt or right, and, in relation to the extinguishment of a debt or other right, the benefit thereby conferred, and the treating of a debt or right which passes on a death, and of such a benefit as aforesaid which so passes, as property in which the deceased had an interest;
  4. (d) the interests that are to be treated for the purposes of the said enactments as interests limited to cease on a death."