HC Deb 19 July 1984 vol 64 c610
610
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Amendment made: No. 3, in page 111, line 39, at end add —
'(3) In any case where—
- (a) payment of an amount of capital gains tax is postponed by virtue of Schedule 14 to the Finance Act 1984, and
- (b) any of that capital gains tax becomes payable in accordance with paragraph 11 of that Schedule by reason of the receipt of a capital payment by a close relative of the beneficiary, as mentioned in sub-paragraph (3) of that paragraph, and
- (c) all or part of the capital gains tax becoming so payable is paid by the close relative,
the payment by the close relative shall be treated for the purposes of this Act as made in satisfaction of a liability of his.'.—[The Solicitor-General.]
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Clause 165, as amended, ordered to stand part of the Bill.
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Clauses 166 to 168 ordered to stand part of the Bill.