§ 80. Mr. Kimballasked the Chancellor of the Exchequer if he is aware that, in the case of property coming within the mischief of Section 41(2)(b) of the Finance Act, 1966 and being liable for Estate Duty, the burden of duty falls not on the securities, nor on the beneficiaries receiving them, but primarily on the free estate of the person on whose life the securities happen to pass; and if he will seek to remedy this situation.
§ Mr. MacDermotYes, Sir. That is the primary object of this anti-avoidance provision and there is no need for amendment..