Finance Act, 1968
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PART III Death Duties | ||
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Abatement of estate duty. |
25.—(1) Section 29 of the Finance Act, 1965 , is hereby amended by— | |
(a) the substitution of “£1,000” for “£350” and of “£500” for “£250” in each place where they respectively occur in subsections (2), (3) and (4) (which subsections were inserted by the Finance Act, 1966 ), and | ||
(b) the substitution of “£100,000” for “£25,000” (inserted by the Finance Act, 1966 ) in subsection (6). | ||
(2) Section 19 of the Finance Act, 1966 , is hereby amended by the substitution of “£100,000” for “£25,000” in subsection (1) (c). | ||
(3) This section shall have effect only in relation to benefits (within the meaning of the said section 29) accruing on or after the 1st day of April, 1968. |