§
Amendments made: No. 69, in page 22, line 12, at end insert—
'(3A) Where the tax exceeds what it would have been had the transferor died more than three years after the transfer, a person shall not be liable for the excess as a person in whom property is vested otherwise than beneficially, except to the extent of so much of the property as is vested in him at the time of the death; and a person shall not be liable for the excess as a trustee in relation to any property, except to the extent of—
§
No. 70, in page 22, line 27, at end insert—
'(6) Subsection (5) above shall not apply in relation to such an excess as is mentioned in subsection (3A) above',—[Dr. Gilbert.]