Estate duty: objects of national, scientific, historic or artistic interest

Finance Bill – in a Public Bill Committee am 2:30 pm ar 5 Gorffennaf 2016.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Amendments made: 122, in clause 86, page 143, line 6, after “as if”, insert


(a) after subsection (3) there were inserted—

“(3A) But where the value of any objects is chargeable with estate duty under subsection (2A) of the said section forty (loss of objects), no estate duty shall be chargeable under this section on that value.”; and

(b) ” .

Amendment 123, in clause 86, page 144, line 2, at end insert—

‘(5A) In section 35 of IHTA 1984 (conditional exemption on death before 7th April 1976), in subsection (2), for paragraphs (a) and (b) substitute—

“(a) tax shall be chargeable under section 32 or 32A (as the case may be), or

(b) tax shall be chargeable under Schedule 5,

as the Board may elect.””

Amendment 124, in clause 86, page 144, line 9, at end insert

“, and

(b) in sub-paragraph (4), after “40(2)” insert “or (2A)”.”

Amendment 125, in clause 86, page 144, line 10, leave out “Subsection (6) has” and insert “Subsections (5A) and (6) have”.

Amendment 126, in clause 86, page 144, line 11, after “referred to in”, insert “section 35(2) of or”— (Mr Gauke.)

Clause 86, as amended, ordered to stand part of the Bill.

Clause 87