Print Options
PrintThe Whole
Act
PrintThe Whole
Part
PrintThis
Section
only
Status:
This is the original version (as it was originally enacted).
121Estate duty: relief for surviving spouse, charities and certain institutions
(1)In determining for the purposes of estate duty chargeable on any death occurring after 21st March 1972 the principal value of an estate there shall be disregarded so much thereof as is attributable to property falling within the following paragraphs, but subject to the limits specified therein—
(a)property given to any of the bodies falling within Schedule 25 to this Act; and
(b)property given to charities, up to a limit of £50,000; and
(c)property given to or devolving on the deceased's widow or widower, up to a limit of £15,000 ;
but it shall not be so disregarded if the property passes under a gift excepted under Part I of Schedule 26 to this Act.
(2)Schedule 26 to this Act shall have effect for supplementing this section.
Back to top