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Finance Act 1986
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Changes and effects yet to be applied to Schedule 19 Paragraph 13:
- s. 90(7BA) inserted by S.I. 2025/200 reg. 50(b)
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- s. 90(7BA) inserted by S.I. 2025/200 reg. 50(b)
13U.K.In section 38 (attribution of value to specific gifts) in subsection (6) after the words “section 5(5) above” there shall be inserted “ or by virtue of section 103 of the Finance Act 1986 ” and at the end of that subsection there shall be added “ and, to the extent that any liability of the transferor is abated under the said section 103, that liability shall be treated as a specific gift ”.
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