Finance Act, 1972

Abatement of estate duty.

29.—(1) Section 45 of the Finance Act, 1969 , is hereby amended by the substitution of “£2,000” for “£1,500” (inserted by the Finance Act, 1971 ) and of “£1,000” for “£750” (inserted by the said Finance Act, 1971 ) in each place where they respectively occur in subsections (2), (3), (4) and (5).

(2) This section shall have effect only in relation to benefits (within the meaning of the said section 45) accruing on or after the 19th day of April, 1972, and appropriate repayments shall be made accordingly.