Finance Act, 1971

Abatement of estate duty.

39.—(1) Section 45 of the Finance Act, 1969 , is hereby amended by the substitution of “£1,500” for “£1,000” and of “£750” for “£500” 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 passing of this Act.