§ 20. Estate Duty (exemptions for members of armed forces, etc.)
§
Resolved,
That, with a view to making better provision for exemption or relief from estate duty in the case of seamen, marines, soldiers and airmen dying in the service of Her Majesty on or after the twelfth day of March, nineteen hundred and fifty-two, and in other cases of persons dying on or after that date from injury received or disease contracted while they were subject to the Naval Discipline Act, military law or the Air Force Act, it is expedient to repeal the enactments relating to exemption or relief from estate duty in such cases.
§ 21. Estate Duty (amendment of Finance Act, 1940)
§
Resolved,
That Part IV (as amended) of the Finance Act, 1940 (which deals mainly with the charge of estate duty on the assets of certain companies where property has been transferred thereto by the deceased), shall have effect as
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if any reference therein to a transfer of property (except in the definition of "payment" in section fifty-nine) included a reference to a payment of money, and as if the expressions "disposition" and "value" respectively, in relation to money, included payment and amount.