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20 1945

FINANCE ACT, 1945

PART III.

Death Duties.

Exemption from estate duty and legacy duty of certain payments for service with the Defence Forces.

5. —(1) Deferred pay and gratuities to which this section applies shall be exempt from estate duty and legacy duty in connection with the death (whether before or after the passing of this Act) of the person in respect of whose services the said pay or gratuities was or were granted.

(2) This section applies to deferred pay, within the meaning of any regulations under the Defence Forces (Temporary Provisions) Acts, 1923 to 1945, which is credited to the pay account of a member of the Defence Forces, and also applies to gratuities granted in respect of service with the Defence Forces.