HC Deb 15 July 1976 vol 915 c1100

Amendments made: No. 218, in page 54, line 44, leave out subsection (3) and insert— '(3) If—

  1. (a) the person who made the last conditionally exempt transfer of the property before the relevant event is not the relevant transferor in relation to that event; and
  2. (b) at the time of that event or within the previous five years the property is or has been comprised in a settlement made not more than thirty years before that event; and
  3. (c) a person who is the settlor in relation to the settlement has made a conditionally exempt transfer of the property within those thirty years,
subsections (1) and (2) above shall have effect with the substitution for references to the person who made the last conditionally exempt transfer before the relevant event of a reference to any such person as is mentioned in paragraph (c) above.'

No. 219, in page 55, line 7, after '(3)', insert '(c)'.

No. 133, in page 55, line 9, at end insert— 'or before any event which apart from section 72(4) above would have been such a chargeable event.'—[Mr. Robert Sheldon.]

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