ihta84/sch8/para18.- The Finance Act 1980

Section 276

1980 c.48.

18.-(1) Section 53 of the Finance Act 1980 shall be amended as follows.

(2) In subsection (1)-

(a) for the words "subsection (3) of section 93 of the Finance Act 1982" there shall be substituted the words "sub-paragraph (1) of paragraph 3 of Schedule 4 to the Capital Transfer Tax Act 1984"; and

(b) in paragraph (a) for the words "the said section 93" there shall be substituted the words "paragraph 1 of the said Schedule 4".

(3) In subsection (4)-

(a) for the words "subsection 3(1)" to "paragraph 3(4)" there shall be substituted the words "paragraph 9(1) of Schedule 4 to the Capital Transfer Tax Act 1984 there is (or, but for paragraph 9(4)"; and

(b) in paragraph (b) for the words "section 93 of that Act" there shall be substituted the words "paragraph 1 of that Schedule".