HC Deb 17 July 1980 vol 988 cc1835-6

Amendments made:

No. 81, in page 66, line 12, at end insert '; and where tax is chargeable on any occasion in accordance with that subsection the pro visions of section 73 of the Finance Act 1976 and Schedule 10 to that Act (relief for business property) shall apply as if the trustees had made a transfer of value and the amount on which tax is chargeable were the value transferred by that transfer.'.

No. 82, in page 67, line 24, leave out 'the person on whom the property devolves' and insert 'or to which a person becomes beneficially entitled on the occasion on which the tax is chargeable, the person on whom it devolves or who becomes beneficially entitled to it'.—[Mr. Peter Rees.]

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