7U.K.In section 30 (conditionally exempt transfers) after subsection (3) there shall be inserted the following subsections—
“(3A)The provisions of this section shall be disregarded in determining under section 3A above whether a transfer of value is a potentially exempt transfer.
(3B)No claim may be made under subsection (1) above with respect to a potentially exempt transfer until the transferor has died.
(3C)Subsection (1) above shall not apply to a potentially exempt transfer to the extent that the value transferred by it is attributable to property which has been disposed of by sale during the period beginning with the date of the transfer and ending with the death of the transferor.”