SCHEDULE 19 INHERITANCE TAX

PART I AMENDMENTS OF 1984 ACT

16

1

In section 66 (rate of ten-yearly charge) in subsection (3)(b) for the words “preceding ten years” there shall be substituted “ preceding seven years ”.

2

For paragraph (c) of subsection (3) of that section there shall be substituted—

c

on which tax is charged in accordance with section 7(2) of this Act

3

In subsection (5)(a) of that section for the word “ten” there shall be substituted “ seven ”.