TRANSFERS WITHIN THREE YEARS BEFORE DEATH (Hansard, 15 July 1976)

§ Mr. Denzil Davies

I beg to move Amendment No. 165, in page 147, line 43, at end insert— '(2A) Where the relevant transaction is the making by the company of a transfer of value by which the value of the estate of the person who made the chargeable transfer or, if his spouse is domiciled in the United Kingdom, his spouse is increased by any amount, the increase provided for by sub-paragraph (2) above shall be reduced by that amount'. This amendment makes a minor change to one of the detailed rules governing the relief for transfers within three years before death. It fulfils a commitment given to the right hon. Member for Crosby (Mr. Page) in Committee. In substance, it incorporates Amendment No. 704, which the right hon. Gentleman moved in Committee.