HC Deb 17 July 1980 vol 988 c1835

Amendments made:

No. 77, in page 64, line 36, after 'below', insert 'for the maintenance, repair or preservation of property comprised in the settlement'.

No. 78, in page 64, line 43, leave out 'such time' and insert 'time in that period'.

No. 79, in page 65, line 2, leave out 'other time' and insert 'time after the end of that period'.

No. 80, in page 65, line 3, at end insert— '(2A) After subsection (3) there shall be inserted— (3A) Paragraph (aI and (b) of subsection (3) above do not apply to property which—

  1. (a) was previously comprised in another settlement; and
  2. (b) ceased to be comprised in that settlement and became comprised in the current settlement in circumstances such that by virtue of section 88(4)(d) of the Finance Act 1980 there was no charge to tax by reference to its value;
and in relation to any such property paragraph (c) of that subsection shall apply with the omission of the words 'at any time after the end of that period '.".'.—[Mr. Peter Rees.]

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