Finance Act, 1994

Amendment of section 117 (reduction in estimated value of certain dwellings) of Finance Act, 1991.

144.—(1) Section 117 of the Finance Act, 1991 , is hereby amended by the substitution in subsection (1) of “60 per cent.” for “50 per cent.” and “£60,000” for “£50,000”.

(2) This section shall have effect in relation to inheritances taken on or after the 11th day of April, 1994.