§
Amendments made: No. 209, in page 69, line 3, leave out 'following amendments' and insert
'amendments set out in subsections (2) to (6) below.'.
§
No. 210, in page 70, line 32, at end insert—
'(7) After paragraph 22 of Schedule 6 to the Finance Act 1975 there shall be inserted the following paragraph—
§ "Legal rights in Scotland
§ 22A.—(1) Where on the death of a person legal rights are claimed by a person entitled to claim such rights, those rights shall be treated as a specific gift which bears its own tax.
§ (2) In determining the value of legal rights mentioned in sub-paragraph (1) above, any capital transfer tax payable on the estate of the deceased shall be left out of account.
§ (3) In the case of any death occurring after 13th March 1975 and before the passing of the Finance Act 1976, the executors of the deceased may elect that this paragraph shall apply to the estate of the deceased.
§ (4) This paragraph extends to Scotland only".'.—[Mr. Denzil Davies.]