Finance Act, 1958

PART III.

Death Duties.

Restriction of section 7 (4) of Finance Act, 1894.

22.—(1) In relation to a death which occurs after the passing of this Act, any duty which, because it has become payable or has been paid under the laws of any territory outside the State, becomes allowable or is allowed against the estate duty, payable under the laws of the State, by way of relief from double taxation, shall not be allowable under subsection (4) of section 7 of the Finance Act, 1894 .

(2) In relation to a death which occurred before the passing of this Act—

(a) any duty which before such passing, because it had become payable or had been paid under the laws of any territory outside the State, became allowable or was allowed against the estate duty, payable under the laws of the State, by way of relief from double taxation, shall not be and shall be deemed never to have been allowable under subsection (4) of section 7 of the Finance Act, 1894 , and

(b) any duty which after such passing, because it has become payable or has been paid under the laws of any territory outside the State, becomes allowable or is allowed against the estate duty, payable under the laws of the State, by way of relief from double taxation, shall not be allowable under subsection (4) of section 7 of the Finance Act, 1894 .