§ 22. Miscellaneous amendments of estate duty law
§ Resolved:
§ " That as respects persons dying after the eighteenth day of April, nineteen hundred and fifty, the enactments relating to estate duty shall be amended—
- (a) so as to make further provision for charging duty where an interest limited to cease on a death has been disposed of or has determined after becoming an interest in possession, and as to the persons accountable for the duty in any such case;
- (b) so as to make further provision for charging duty on property disposed of during the life-time of the deceased in favour of a relative of his or certain companies;
- (c) so as to make section forty of the Finance Act, 1930 (which exempts objects of national, scientific, historic or artistic interest) have effect subject to conditions for the retention in the United Kingdom and preservation of the objects exempted or otherwise, and to charge duty on those'objects if the conditions are not observed."