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FINANCE ACT, 1968
[GA] | ||
[GA] |
PART III Death Duties | |
[GA] |
Abatement of estate duty. |
25. —(1) Section 29 of the Finance Act, 1965 , is hereby amended by— |
[GA] | (a) the substitution of “£1,000” for “£350” and of “£500” for “£250” in each place where they respectively occur in subsections (2), (3) and (4) (which subsections were inserted by the Finance Act, 1966 ), and | |
[GA] | (b) the substitution of “£100,000” for “£25,000” (inserted by the Finance Act, 1966 ) in subsection (6). | |
[GA] | (2) Section 19 of the Finance Act, 1966 , is hereby amended by the substitution of “£100,000” for “£25,000” in subsection (1) (c). | |
[GA] | (3) This section shall have effect only in relation to benefits (within the meaning of the said section 29) accruing on or after the 1st day of April, 1968. | |
[GA] |
Amendment of section 10 of Finance Act, 1894. |
26. —Section 10 of the Finance Act, 1894, is hereby amended by the substitution of “fifty thousand” for “ten thousand” in subsection (5). |