Finance Act, 1971

Cesser of section 27(4) of Finance Act, 1965.

38.—(1) Section 27 (4) of the Finance Act, 1965 , shall cease to have effect in relation to property which is deemed to pass on a death occurring after the passing of this Act.

(2) Subsection (1) of this section shall have effect only in cases in which the relevant disposition, surrender, assurance, divesting, determination or other transaction was made or effected after or within two years before the passing of this Act.