§
Amendments made: No. 135, in page 56, line 47, at end insert—
'(1A) Where property is comprised in a settlement and there has been, on or before the occasion on which it became comprised in the settlement, a disposal of the property in relation to which subsection (4) of section 31 of the Finance Act 1965 (capital gains tax relief for works of art etc.) had effect, the said paragraph 12 shall not have effect in relation to the property on any relevant date falling before the first occurrence after the disposal of an event on the happening of which the property is treated as sold under subsection (5) of that section'.
§
No. 136, in page 57, line 2, leave out
'conditionally exempt transfer of the property'
1101
and insert
'such transfer or disposal of the property as is mentioned in subsection (1) or (1A) above'.
§ No. 137, in page 57, line 5, leave out paragraph (a).
§ No. 138, in page 57, line 15, leave out 'that' and insert 'a relevant'.—[Mr. Robert Sheldon.]