SCHEDULES
SCHEDULE 1 Privileges and Immunities
C1Part V
Annotations:
Modifications etc. (not altering text)
Estate duty and capital gains tax on death
C224
In the event of the death of the person in respect of whom the exemptions under this paragraph are conferred, exemptions from—
a
estate duty leviable on his death under the law of any part of the United Kingdom in respect of movable property which is in the United Kingdom immediately before his death and whose presence in the United Kingdom at that time is due solely to his presence there in the capacity by reference to which the exemptions are conferred, and
b
capital gains tax on chargeable gains which, by virtue of the operation of section 24 of the M1Finance Act 1965 in relation to any such movable property, are included in the gains accruing to that person in the year of assessment in which he died.
Sch. 1 Pt. V: power to apply conferred (temp.) (26.5.1999) by 1999 c. 7, s. 2(1)(c)(6); S.I. 1999/1511, art. 2