Finance Act, 1994
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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. |