§ Mr. HayhoeI beg to move amendment No. 94, in page 66, line 6, leave out 'by an individual'.
This amendment meets a point that was raised by my hon. Friend the Member for Croydon, South (Sir W. Clark) in Committee that I undertook to examine. It will allow claims for gifts rollover relief to be made by the transferor alone when property is distributed from one settlement to another. As the Bill was previously drafted, the claim had to be by the transferor and the transferee together or by the transferee.
§ Amendment agreed to.