HC Deb 25 March 1968 vol 761 cc1071-2

Motion made, and Question, That in the case of a death after 19th March 1968—

  1. (a) periods of seven years before the date of the death shall be substituted for the periods of five years which are material for estate duty purposes in relation to gifts inter vivos and in certain other circumstances and that new provision be made for the graduation of the charge to estate duty under section 64 of the Finance Act 1960,
    2. 1072
  2. (b) the exemptions conferred by section 59(2) of the Finance (1909–10) Act 1910 in respect of marriage gifts, and gifts which are part of normal expenditure, may be withdrawn or restricted,
  3. (c) further provision may be made as to the aggregation of property for the purposes of estate duty, and as respects property passing wholly or partly under section 2(1)(c) of the Finance Act 1894,
  4. (d) provision may be made as to the persons to be treated for the purposes of estate duty as having an interest in property where all or part of the property, or of the income from the property, is subject to discretionary trusts, and as to the nature of the interest.—[Mr. Roy Jenkins.]

put forthwith pursuant to Standing Order No. 90(2) (Ways and Means motions), and agreed to.